New Zealand dollar – House sales lead to NZD strength (Daniel Wright)

GBP EUR Looks to Employment Figures for Support

We have seen a good boost in value for the New Zealand Dollar in trading today thanks to positive house sales data out from REINZ (Real Estate Institute of New Zealand).

New Zealand Dollar has had a good run of late however it always open to a drop off at any time.

Many of my clients looking to sell New Zealand Dollars are waiting for a further movement in their favour which may come but I don’t think we will see too much strength for NZD exchange rates personally.

The New Zealand Dollar can be impacted by China and we have plenty of data still to come out from China over the next week or so. China hit the headlines towards the back end of last year and early this year and my personal opinion is that these problems have far from gone away.

If you have the need to buy or indeed sell New Zealand Dollars for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on [email protected] and I will be more than happy to get in touch with you personally.