New Zealand Dollar Exchange Rate: NZ Dollar Drops as Oil Prices Fall Further

Pound to New Zealand Dollar Forecast: NZD Investors Prepare for Further Virus Onslaught

As the trading week reaches the close, the New Zealand dollar still fares no better than how it started the week. After a week revolving solely around the outbreak of the coronavirus, the currency has struggled to make any headway as little signs of improvement concerning the disease are evident. In fact, the opposite is true, with new cases breaking out across the globe, in Italy, the USA and Norway. The latest statistics suggest that the rate of infection is higher now that the...

GBP/NZD Rates Drop to 2.10 (Matthew Vassallo)

GBP/NZD rates are hovering around the 2.10 mark, with the NZD gaining some ground having started the day just above 2.11. The NZD had struggled earlier this week following the release of their official unemployment rate, which came in at 5.7%. The expectation was for 5.5% and the markets immediately reacted, with the NZD losing ground against its GBP counterpart. This was welcome news for those clients holding Sterling, with the Pound struggling across the board due to a poor run of UK data and...
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...
Will the New Zealand dollar fall any further, or is the damage already done?

New Zealand Dollar boosted as AUD comes under pressure, where to next for NZD...

The New Zealand Dollar is benefiting off the back of Aussie Dollar weakness at the moment. Investors and traders have been selling the Aussie Dollar as the trade war heats up between the US and China. With Australia being an export heavy economy a trade war and slowdown to the global economy would hit the Australian economy heavily, and the financial markets are considering this which is why the currency is losing value. At the same time the trade war talks are resulting in predictions of...

UK Retail Sales Figures Could Halt Sterling Recovery (Matthew Vassallo)

Sterling could find its recent recovery against the NZD short lived following, following poor UK Retail Sales figures released this morning. The official figures of -0.9% came in well below expectation and Sterling’s value has taken an instant hit as a result. GBP/NZD rates have dropped back towards 1.88 on the exchange, having hit a high of 1.9039 early this morning. This is stark reminder of how fragile the UK economy remains and I why I have been suggesting that clients protect themselves against further...
New Zealand Dollar: NZD Falls on Declaration of Pandemic and Europe Travel Ban

New Zealand Dollar Exchange Rate: RBNZ Faces Pressure to Slash Rates After USD and...

Heading into the mid-week, the Reserve Bank of New Zealand (RBNZ) is facing mounting pressure following recent rate cuts by several other major currencies. This week has seen the US Federal Reserve (Fed) cut their rates from 1.75% to 1.25%, a drop of 50 basis points. Similarly, the Reserve Bank of Australia (RBA) cut their rates on Tuesday, sending the interest rate from 0.75% to 0.50%. This shocked markets as they had noted that the RBA had little scope for easing. As a result...

NZD Forecast – New Zealand’s Economic Strength Improving (Matthew Vassallo)

The NZD has found a level of support against Sterling this week but has struggled to make any impact below 1.90. The Pound continues to find plenty of support around this key threshold for the pair, despite deep rooted market concerns around Brexit and the long-term implications this will have on the UK economy. The NZD received a boost on Monday following poor UK Services data, which came our under market expectation. This inadvertently boosted the NZD’s value but despite a relatively good feeling around the...
New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

New Zealand Dollar Exchange Rates: Struggling Kiwi Falls Against Pound Sterling’s Four-Month Highs

As the week draws to a close, the New Zealand dollar continues its recent run of poor form. NZD has been hit by a souring investor sentiment. The downshift in sentiment is largely linked to the global risk sentiment, which remains in a ‘risk-off’ mood following the coronavirus concerns. NZD tends to benefit from a ‘risk-on’ mood, i.e. when investors are buying assets that offer yield. NZD is considered a ‘higher yielder’ currency, hence its response to the recent downturn in risk sentiment. Meanwhile,...
New Zealand Dollar: NZD Falls as Central Banks Slash Rates to Fight Coronavirus Damage

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...

Sterling weakness continues, should I convert my GBP to NZD before the rate falls...

The Pound has continued to fall this morning, as fears surrounding the Brexit negotiations in Brussels continue to weigh on the currency. The disappointing inflation data out of the UK earlier this week seems to have lingered on investors minds, and with hopes of an interest rate hike in the UK this year now gone I personally think that we may see more weakness for the Pound as the year progresses. Over the past 3 months the Pound has lost close to 4% against the New...