Pound to New Zealand Dollar Forecast: RBNZ Governor Orr signals, “We are ready to act further”

New Zealand Dollar: NZ Dollar Freefalls in Asian Markets as Panic Sell-off Continues

Heading towards the end of the trading week, the story remains much of the same for New Zealand. The NZ dollar sank as much as five US cents over the past 24 hours as panic selling and a flock to USD took place with futures market pointing to yet another sell-off on Wall Street. Against the British pound, NZD fell from 49.19 to 48.05. Investors continue to fret at the domestic currency now sits at levels unseen since the depths of the global financial...
New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

Into the middle of the trading week, the New Zealand dollar has fared no better over today’s Asian trading session. The Kiwi currency is still struggling to overcome the pressure put on it by the coronavirus crisis. The drop in NZD came as investors began as foreign investors cashed in their holdings in a flight to safety over the worsening state of the global pandemic. The kiwi was trading at 59.60 US cents at 5pm in Wellington, off the day's low at 59.13 -...
New Zealand Dollar Outlook: NZD Rises Following Support Package From RBNZ

New Zealand Dollar Outlook: NZD Rises Following Support Package From RBNZ

Heading into Tuesday, the New Zealand dollar finally looks to be heading in the right direction after an appalling display during 2020 thanks to the coronavirus outbreak. The Kiwi has remained under pressure throughout the whole of the year as market risk plummeted, bringing the risk-sensitive NZD with it. However, the New Zealand government pledged a business continuity package this week, which has been welcomed by business groups and economist. Reassurance was given as this only marks the first battle in the war on...
GBPNZD Exchange Rate: New Zealand Dollar Gains Over Sterling as Coronavirus Cases Dwindle

New Zealand Dollar: NZD Falls as Central Banks Slash Rates to Fight Coronavirus Damage

The New Zealand dollar remains under heavy pressure moving into the new trading week. With the coronavirus still the number one priority in world news, NZD traders are struggling to see the light at the end of the tunnel for the struggling risk-correlated currency. Monday’s Asian trading session saw the NZ dollar fall against the greenback but gained against the Australian dollar after a very volatile day after being shifted at nearly every angle by unexpected local and offshore central bank moves aimed at...
New Zealand Dollar: NZD Falls on Declaration of Pandemic and Europe Travel Ban

Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

NZD continues to be threatened by the coronavirus disease. Following the initial outbreak, the risk-sensitive currency dropped out of favour with investors as the Chinese economy took a hit. Being so closely linked with Chinese trade, the New Zealand dollar plummeted, leading the way for others like CAD and AUD to follow. With NZD trading lower, currencies like GBP have managed to edge over it in their exchange rate pairings. Meanwhile, Wednesday’s Reserve Bank of New Zealand’s hawkish policy outlook saw NZD rise but...
How Has China Helped to Boost the NZD?

New Zealand Dollar: How Has China Helped to Boost the NZD?

New Zealand Dollar Gains After China Lifts US Tariffs Global Growth Worries Remain but Could Reduce If Coronavirus Vaccine Is Created NZD Waits on Reserve Bank of New Zealand Decision The New Zealand dollar (NZD) has found support this week after actions taken by China. With China being one of the NZD’s largest traders, actions taken by the second largest economy in the world has influence on the shift of the currency. China announced a decision to cut tariffs on more than 1,500 US...
GBPNZD Exchange Rate: New Zealand Dollar Gains Over Sterling as Coronavirus Cases Dwindle

GBP/NZD forecast: Is a Brexit deal coming to fruition?

The Pound has made some quite substantial gains during this week's trading. This can predominantly be put down to progress in Brexit negotiations. Last week rumours began to circulate that a deal has been agreed behind closed doors for the UK to have access to the Customs Union post-Brexit. Following this it has been announced in the press that an agreement over the Irish border issue is on the cards. It seems Brussels would be willing to accept any tax payments retrospectively, similar to the...
The Kiwi dollar and the pound rise on better news

The Kiwi dollar and the pound rise on better news

The pound and the New Zealand dollar has risen in the last 24 hours, they are both actually some of the best performing currencies in this period. This is largely down to the shifts in sentiment we have seen both the trade wars and also Brexit. Will the US / China trade war end soon? Regarding the trade wars we have seen sentiment improving as investors expect that there could be a deal struck between China and the US. US President Donald Trump did tweet that...
Will GBPNZD rise back above 2?

Will the GBP/NZD exchange rate rise back above 2?

The pound to New Zealand dollar exchange rate has been very volatile this week owing to uncertainties relating to the outlook on both Brexit and also the latest news on global trade wars which have eased in recent weeks, despite being a major concern. The currency market will now focus on expectations ahead for the New Zealand economy and how it might be influenced by these global factors. Brexit deal still affect GBP/NZD exchange rates Brexit uncertainties are a major concern on financial markets as we...
New Zealand Dollar Outlook: NZD Rises Following Support Package From RBNZ

Could GBP improve against NZD if US interest rates rise?

The Pound has fallen this morning against the New Zealand Dollar after a better than expected ANZ Business Confidence survey out overnight. Although the figures were still negative they came out better than expected which caused the New Zealand Dollar to improve by 0.5% against the Pound early on this morning. The figures were still low but much better than the ten year low which came in August. The Royal Bank of New Zealand will meet tonight to discuss their latest interest rate decision, which will...