Will this months general election in New Zealand put pressure on the Kiwi? (Joseph...

The New Zealand Dollar has been coming under pressure in recent sessions as the general election on the 23rd of September approaches. The reason behind this apart from the political uncertainty which often has a negative impact on the underlying currency, is that both major parties in the running for the election appear to have outlooks which favour a weaker New Zealand Dollar. A recent survey out of New Zealand demonstrated that there has been a large increase in hedging practices from importers and exporters in...
GBP EUR Looks to Employment Figures for Support

Terrorism causes the Pound to Suffer (Daniel Johnson)

The Pound has fallen by around 4 cents against the New Zealand Dollar (NZD) during the last 48hrs of trading,  After the Interest rate drop from the Reserve Bank of New Zealand (RBNZ) buoyancy levels looked to be set around the 2.14 mark.  However due to the atrocities in Brussels Sterling has fallen sharply against the majority of major currency pairings. The attacks have created more reasoning for for the UK population to vote for an exit from the EU. There is the belief that...
GBP EUR Looks to Employment Figures for Support

How Much More Can the NZD Strengthen? (Ben Fletcher)

The New Zealand Dollar has continued to strengthen of the back of positive Chinese data in the early hours of this morning which indicated large increases in the volumes of imports and exports. The NZD is presenting a challenge for the Reserve Bank of New Zealand because even if they were to attempt to weaken the currency there is no evidence an interest rate cut will make any difference. The NZD strength has almost entirely been created through the strengthening commodity market and strong...

GBPNZD rates sink!

GBP to NZD rates have come under further pressure as we have seen the pound lose even more value over uncertainty form the lack of political direction in the UK. But just what is around the corner? I think anyone buying NZD with the pound should be preparing for further uncertainty, next week there is now a very high chance the Bank of England will cut interest rates which could see GBPNZD rates touch their lowest level ever below 1.80... The Kiwi dollar has not...

NZD Rises In Anticipation Of Interest Rate Decision Tonight

The RBNZ has a very busy evening tonight, and the Kiwi has gained on the US Dollar throughout today’s trading session in anticipation of the Interest Rate decision tonight by the RBNZ. The likelihood of an interest rate hike this evening is looking unlikely according to analysts, but the rate decision along with a Monetary Policy Statement and Press Conference is likely to have an effect on the Kiwi’s value, especially if any indications regarding monetary policy moving forward are announced tonight. Leading up to tonight’s...

New Zealand Dollar Rate Cut Imminent

This week the Reserve Bank of New Zealand is expected to cut the interest rate level from 2.25% to 2.00%. This will be the second time this year the rate will be cut in New Zealand. Due to a strengthening currency and dangerously low levels of inflation the RBNZ has decided to once again act. Two weeks ago there was an unplanned announcement essentially confirming the cut would be coming however due to the Brexit fall-out the NZD has lost very little if any ground...

Sterling likely to struggle against the New Zealand Dollar whilst Brexit negotiations continue (Tom...

  The Pound has struggled to make further gains against the New Zealand Dollar since the positive movement following Prime Minister Theresa May's Brexit speech on Tuesday which put an end to Sterling's losses against the New Zealand Dollar. With Trump's official inauguration due tomorrow we could see some volatility for the foreign exchange market depending on how his first day goes. Chinese economic data is due out overnight in the form of both Retail Sales as well as GDP so this could also see GBPNZD exchange rates...

New Zealand Dollar weakens a little after lower inflation figures

The New Zealand Dollar has dropped off a little against most major currencies following lower than expected inflation figures locally, coming out at 0.5%. This essentially now suggests that the RBNZ (Reserve Bank of New Zealand) may more than likely hold off on any interest rate hikes this year ], this is why the NZD dropped in value as a lower chance of an interest rate hike is priced into the market. An interest rate hike is generally seen as positive for the currency concerned and...

GBPNZD increases back above 1.70 (Dayle Littlejohn)

This afternoon the High Court in the UK have ruled that Parliament must now vote on whether Theresa May can start the process of invoking Article50. It's no surprise that the Government will be appealing the decision next month. The pound gained momentum against all of the major currencies and GBPNZD has risen 0.7% and exchange rates are now back above 1.70. Looking ahead we could have a period of sterling strength against the New Zealand dollar if MPs start to announce they will be...

Buying New Zealand Dollars – Resistance at 1.75 (James Lovick)

The pound has made gains against the New Zealand dollar over the last week with rates breaking through 1.75 in the early of hours of this morning. GBP NZD has received a boost despite ongoing concerns over Brexit in the UK. Manufacturing sales from New Zealand are released tomorrow evening and a strong number could help boost the New Zealand dollar. However it is the trade data from China that should be keenly watched on Wednesday morning. The New Zealand dollar is a commodity currency with...