Top Forex News

Live Forex news from all over the world.

    Archives

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

NZD/CAD Reconquered 0.8400. What’s the Next Target?

The New Zealand dollar versus the Canadian dollar currency pair bounced off 0.8344 after a very convincing decline, letting the bears know that their dominance, at least for the time being, is over.

NZ Dollar Holds Ground, Domestic Data Helps

The New Zealand dollar opened sharply lower against some of its major rivals today but has managed to recover by now. The kiwi also extended its Friday’s gains against several other rivals. Positive domestic macroeconomic data was perhaps one of the reasons for the currency’s decent performance today.

NZ Dollar Mixed amid Uncertain Fundamentals

The New Zealand dollar was mixed today amid the uncertain market sentiment and negative domestic macroeconomic data.

NZ Dollar Moves Back and Forth amid Conflicting Fundamentals

The New Zealand dollar was volatile today amid clashing fundamentals. The currency started the session weak due to soft domestic macroeconomic data but rebounded after the market sentiment improved. Currently, though, the kiwi pulled back once again but retained gains versus safer currencies.

NZD/CAD Even Closer to 0.8400

The New Zealand dollar versus the Canadian dollar currency pair maintains the course towards the south, getting closer and closer to the 0.8400 psychological level.

NZ Dollar Reacts to US-China Trade War Developments

The New Zealand dollar was weak initially today but has managed to rebound by now. While domestic macroeconomic data was negative, the main reason for the initial drop and the subsequent rebound were developments in the US-China trade war.

NZ Dollar Gains on Retail Sales, RBNZ Chief’s Comments

The New Zealand dollar rallied against other most-traded currencies today after the release of retail sales data and comments for the central bank’s chief. The currency has trimmed its gains by now but is still trading above the opening level.

Positive Economic Data & Risk Sentiment Don’t Help NZ Dollar

The New Zealand dollar was rather soft against other most-traded currencies today despite positive domestic macroeconomic data. The positive market sentiment also did not provide much aid, though it helped the kiwi to perform better versus safer currencies.

NZD/CAD One Step Further Towards 0.8400

The New Zealand dollar versus the Canadian dollar currency pair crystallized the expected lower high, thus staying true to continuing its way to the 0.8400 psychological level.

NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

Navigation

Menu