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Outlook for NZ Dollar Ahead of First RBNZ Policy Meeting in 2021

The New Zealand dollar started the week as the strongest most-traded currency on the Forex market thanks to the upgrade of the nation’s credit rating by Standard & Poor’s. What other factors will be influencing the New Zealand currency and what traders should watch for during the rest of the week?

NZ Dollar Weak Despite Positive Inflation Data

The New Zealand dollar was soft today, falling against the majority of most-traded currencies, though managing to eke out gains versus its commodity peers (but it has lost gains against the Canadian dollar by the time of writing). The kiwi fell despite better-than-expected inflation data.

NZ Dollar Stable During Thursday’s Quiet Trading

The New Zealand dollar was stable today. While it moved a little lower against some of its rivals, the kiwi for the most part did not go far from the opening level. Trading is going to be quieter than usual on Thursday and Friday due to the Thanksgiving holiday in the United States.

NZ Dollar Strongest After Letter from Finance Minister to RBNZ

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today. The most likely reason for such a great performance was the request made to the central bank’s chief by the finance minister.

NZ Dollar Climbs on Reduced Chances for Negative Interest Rates, Retreats Later

The New Zealand dollar jumped yesterday and was trying to extend its rally today but failed to do so and has retreated by now. The reason for the jump was easy to pinpoint — the less certain outlook for negative interest rates from New Zealand’s central bank. The reason for the retreat is harder to identify but the most likely factor is the rally of the US dollar.

NZ Dollar Mixed After Economic Data, Ahead of Election

The New Zealand dollar was mixed today, though it largely did not go far from the opening level against its major rivals. The notable exceptions were the Great Britain pound and the Australian dollar, with the former demonstrating a decent gain and the latter showing a decline versus the kiwi.

NZ Dollar Drops on Monetary Easing Outlook

The New Zealand dollar together with its Australian counterpart remained the weakest among most-traded currencies on the Forex market during today’s trading. The reason for such a poor performance was the outlook for monetary easing from the central banks of New Zealand and Australia.

NZ Dollar Drops After RBNZ Hints at Additional Monetary Easing

The New Zealand dollar dropped today, falling against some of its rivals, like the US dollar, for the third consecutive day. The currency declined following the monetary policy announcement from the nation’s central bank. The Reserve Bank of New Zealand confirmed that it continues to prepare additional measures to stimulate the New Zealand economy.

NZ Dollar Forecast for Week of September 21-25

The New Zealand dollar rallied strongly since the last year, though it was moving sideways since the summer months of this year. Last week was very good for the currency despite the sharp decline of New Zealand’s economy as the kiwi rivaled the Japanese yen for the title of the strongest currency on the Forex market. But what this week hold for the New Zealand dollar?

New Zealand Dollar Strongest Despite Outlook for Monetary Easing

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today despite the outlook for additional monetary easing from New Zealand’s central bank. Domestic macroeconomic data was favorable but seems to provide no noticeable boost to the currency.

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