Kiwi dollar slightly weaker as GDP fails to promote rate hike expectations…
With the Reserve Bank of New Zealand in a fairly neutral state of late as markets try to anticipate their next move, will it be higher or lower on their interest rate? Yesterday's GDP (Gross Domestic Product) data showed some positive trends with 2.7% growth as expected, and 0.5% for the QoQ (quarter on quarter) growth.
Expectations for the future now provide some platform for a further hike in the much longer term but ultimately with GDP lower than the previous 2.9% and 0.6% expected,...
New Zealand dollar at the mercy of global events!
The main driver on the New Zealand dollar at present is the Trade Wars which we are seeing driver the Kiwi lower, there is currently speculation Trump may announce up to $200bn of tariffs with China. Since New Zealand is very closely tied to the Chinese economy, any signs that there could be an upset to the Chinese economy will undoubtedly weigh on the Kiwi currency.
Other factors that might drive the Kiwi in the coming days is the release of New Zealand GDP (Gross...
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...
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...
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...
Will GBPNZD reach 2? Inflation data this week key…
The pound to New Zealand dollar exchange rates has come very close to hitting 1 GBP to 2 NZD hitting 1.98 on the interbank rate before Christmas. In 2018 we have 1.96 as the highest point but with rates very close to breaking the 2018 highs, will we see 1 GBP buying 2 New Zealand dollars anytime soon? Let us look at some of the factors which will shape GBPNZD exchange rates and try to gauge and assess the likelihood of this happening in the...
New Zealand dollar strengthens across the board
Throughout yesterdays trading session risk appetite returned to the market and commodity currencies including the New Zealand dollar benefited. President Xi Jingping of China gave a speech at the annual Boao Forum and explained that China want to open up to world and relax some tariffs making worldwide trade easier. In addition the key message of the speech was that he avoided any negative rhetoric toward Donald Trump and the US, leading investors to believe that the trade wars could be coming to an...
New Zealand Dollar has gained 7% on Australian Dollar since October 2017
Looking back over the past 6 months and one currency pairing of note is NZD/AUD which has shown a vast increase in value for the New Zealand Dollar.
This pairing has had a funny 12 months as a whole, in June we were seeing rates up near the 0.96 level, this swiftly dropped by roughly 8% by October and hit a yearly low of 0.88, only to make a fightback in recent times and claw back almost all of those losses.
The Australian Dollar is starting...
What can we expect next on GBPNZD rates?
The pound to New Zealand dollar exchange rate is still at a very good level, they have been over 1.90 once again trading in the 1.93-1.94 range today. There is a general belief rates could improve further but we will need to see some more positive news to rise back above the December high of 1.98.
April sees a whole new set of economic news and events to move the market, the key information will be the New Zealand interest rate decision on May 10th....
New Zealand Dollar remains strong, hitting an 8-year high versus the Australian Dollar (Joseph...
Although many of our readers tend to be concerned with the Pound to New Zealand Dollar rate, looking into how the Kiwi is performing against other major currency pairs can be useful as it provides you with an idea of how the currency is performing on the whole.
Despite losing quite a lot of value against the Pound recently, mostly owning to Sterling strength after the currency has been boosted as the Brexit transitional agreement has been made, the Kiwi has been performing well recently...
