The Australian dollar versus the New Zealand dollar currency pair sits above the 1.0707 support level. Is there a possibility for the bears to come with a surprise?
New Zealand Dollar NZD
Detailed information and fundamental factors
Central Bank: Reserve Bank of New Zealand
Interest Rate: 0.25%
Public Debt to GDP Ratio, 2017: 32%
Trade Balance, 2017: -$1.39 bln.
Inflation, 2019: 1.6%
Supporting Factors
Major commodity exporter
weak
The New Zealand dollar is the currency that is used in New Zealand, as well as in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is often nicknamed “kiwi”. The currency replaced the New Zealand pound in 1967. It is about 10th most-traded currency in the world and is often used in carry trade because of relatively high interest rates in New Zealand. The major industry of New Zealand is agriculture, wool, meat and dairy products being the most important components of the sector. Australia is the main trading partner of New Zealand and China is the second-biggest.
New Zealand Dollar News Archive
AUD/NZD Testing the 1.0700 Support Level
May 27, 2020 at 8:22 Australian Dollar, New Zealand Dollar, Technical Analysis
NZ Dollar Climbs on Record Trade Surplus, Positive Market Sentiment
May 26, 2020 at 11:06 New Zealand Dollar
The New Zealand dollar climbed against all other most-traded peers today thanks to the relatively positive domestic macroeconomic data and the market sentiment that was supportive of riskier currencies.
AUD/NZD at the Important Support of 1.0707
May 20, 2020 at 6:38 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair is about to test the major support of 1.0707. Is there any way to grasp the direction?
NZ Dollar Weakest Among Brewing US-China Trade War
May 15, 2020 at 18:22 New Zealand Dollar
The New Zealand dollar was the weakest among the most-traded currencies on the Forex market today. While domestic macroeconomic data could have played a part in the decline, market analysts speculated that the major reason for the drop was the brewing trade war between the United States and China.
AUD/NZD Again Above 1.0689
May 14, 2020 at 5:07 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair climbed above an important support level. Will it be able to take this chance to further appreciate?
NZ Dollar Weakest After RBNZ Expands QE Program, Talks About Negative Interest Rates
May 13, 2020 at 11:41 New Zealand Dollar
The New Zealand dollar was the weakest currency on the Forex market today, sinking after the monetary policy announcement from the Reserve Bank of New Zealand. While the central bank kept its benchmark Official Cash Rate (OCR) unchanged, it almost doubled the scale of the quantitative easing program.
NZ Dollar Strong Ahead of RBNZ Monetary Policy Decision
May 12, 2020 at 16:55 New Zealand Dollar
The New Zealand dollar was among the strongest currencies today amid the mildly positive market sentiment. The currency waits for tomorrow’s monetary policy decision from the Reserve Bank of New Zealand. No economic reports were released in New Zealand today while yesterday’s data was not bad but not particularly good either.
NZ Dollar Attempts to Rise After Surprise Growth of Employment
May 6, 2020 at 9:56 New Zealand Dollar
The New Zealand dollar attempted to rally today following a surprisingly positive employment report that showed that New Zealand unexpectedly added jobs last quarter. The currency has retreated against some of its rivals by now but managed to keep gains versus others.
AUD/NZD at the 1.0640 Resistance
May 6, 2020 at 5:14 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair might be under bearish pressure.
NZ Dollar Flat-to-Higher After Domestic, Chinese Data
April 30, 2020 at 7:22 New Zealand Dollar
The New Zealand dollar was trading either flat or slightly higher against other currencies, including its commodity-related counterparts. The kiwi got a boost from positive macroeconomic data released in both China, New Zealand’s biggest trading partner, and New Zealand itself. The optimistic market sentiment was helping the currency too.