Positive UK Retail Sales give the Pound a boost vs the New Zealand Dollar

The New Zealand Dollar has remained in a very tight range recently against the Pound even though there is a huge amount of news coming out from the political scene at the moment. The EU Withdrawal Bill caused a lot of furore in the House of Commons with members from the SNP walking out of the talks after one member was asked to leave following a dispute with the Speaker. UK Retail Sales came out yesterday morning a lot higher than expected and this shocked the...
Could the Pound improve against the New Zealand Dollar if US interest rates rise?

Important news to drive NZD exchange rates!

The New Zealand dollar is now at risk of losing ground further in the future as investors gear up for the US Federal Reserve to tighten further monetary policy in the future. With interest rates having been risen now to 2% in the US, the US dollar should continue to be a favourable currency for investors to hold. This will leave the NZD in the shade as investors will now get a greater return holding US dollars, rather than New Zealand dollars. The general perception...
Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

Will the New Zealand Dollar continue its medium term fightback?

Back in May the New Zealand Dollar came under increasing pressure, with the Kiwi hitting its weakest levels against both the Pound and the US Dollar so far this year at the time. Since then, there has been a fightback from the Kiwi as a quick look at a 2-month chart will demonstrate. Some economists are suggesting that the economy of the country has gone from outperforming on the economic stage to more of a support act. At the times of the very strong economy...

Backstop deal to impact the Pound and the New Zealand Dollar

Between them Brexit Secretary David Davis and Prime Minister Theresa May have agreed the 'customs backstop wording.' Things were getting a little heated earlier on this week with them disagreeing how the customs union would work going forward so as they are now working together this has helped the Pound reverse the losses it had made vs the New Zealand Dollar. The UK is currently set to leave the European Union by March next year and the British government is trying to get things sorted before...
Best time to buy Pounds with Canadian Dollars in 2 months

Will the Kiwi rise or fall in the coming weeks?

The New Zealand dollar has been rising as investor sentiments over the global outlook turn slightly more positive, the New Zealand dollar benefits from its status as a commodity currency paying a higher yield. With the Reserve Bank of New Zealand offering 1.75%, it remains a very attractive currency for investors to beholding. The outlook for the Kiwi is generally more positive for the currency owing to the improved global sentiments we have been witnessing lately. These include the Trade Wars not impacting markets as...
Could the Pound improve against the New Zealand Dollar if US interest rates rise?

How healthy is the New Zealand economy at the moment?

The New Zealand economy is entering a period of slow growth as the economy is past its prime according to Dominick Stephens, the chief economist at Westpac bank. The economy was at its strongest a couple of years ago and its now entering its mature phase according to the economist. The slowing economy growth can be put down to a cooling housing market and the construction sector slowing down. Population growth has also cooled which has had an impact and there are also increasing concerns...

Improvements for the Pound but are They Sustainable Under Current Market Conditions?

It’s been a positive day for Sterling, which has made gains against a host of the major currencies. GBP/EUR rates have moved back above 1.14, hitting a high of 1.1462 earlier today. GBP/USD rates have also spiked towards 1.34, although the greenback has manged to find plenty of support just under this threshold. There were also significant gains against the commodity-based currencies, with GBP/AUD, GBP/NZD & GBP/CAD rates all rising by more than a cent. The Pound received a boost yesterday following the release of better...

NZD Forecast – Where Next for the Kiwi Dollar?

The NZD has seen its levels improve against Sterling of late but is still struggling to make any impact under 1.90. The Pound has found plenty of support around this key threshold, despite the on-going concerns surrounding the UK economy. Brexit talks have come back into focus and the Bank of England’s (BoE) recent decision not to raise interest rates, has also sapped investor confidence in the Pound. The Reserve Bank of New Zealand (RBNZ) on the other hand were fairly bullish, citing strong export figures and...
The Kiwi dollar and the pound rise on better news

New Zealand Dollar Riskier after Italian Election Uncertainty

The New Zealand dollar has come under a small amount of pressure after investors have shied away from the riskier currencies following the political uncertainty being seen in Italy at present and also as a result of a slide in oil prices after the recent strong rally. The Italian political uncertainty is likely to be a big driver for the coming days and possibly weeks for all of the major currencies including the New Zealand dollar. The kiwi is heavily impacted by this particular event...
Appetite for ‘Kiwi’ Slips as Coronavirus Weighs on Risk-Averse NZD

New Zealand Dollar Strength as Trade War Cools

The New Zealand dollar has been boosted after a cooling off in tensions between the US and China over trade. US Treasury Secretary Steven Mnuchin has stated that the US / China trade battle is now on hold which has been received well in the global context. The New Zealand dollar is heavily impacted by these kind of developments owing to its standing as a commodity currency. In time of global uncertainty the commodity currencies which includes the kiwi dollar are seen as higher...