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Currency News - NZD

NZD Rates Under Pressure

Written by Joe Mayhew on Tuesday, July 25, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.7587 Yesterday’s low: NZ$1.7482 Profit Taking Weakens New Zealand Dollar Demand for the New Zealand Dollar fell at the start of the week amid worries that the current strength of the ‘Kiwi’ could limit the odds of the Reserve Bank of New Zealand (RBNZ) raising interest rates in the near future. The GBP/NZD…(read more)

New Zealand Dollar Lower before Australian Data

Written by Joe Mayhew on Monday, July 24, 2017. Currency News - Sterling / NZD

Last week’s high: NZ$1.7953 Last week’s low: NZ$1.7401 GBP/NZD Up 0.5% At the tail end of last week the GBP/NZD exchange rate drifted to a three-week low. While the move was largely driven by weakness in the Pound, the New Zealand Dollar was also able to achieve a 10-month high against the downtrodden US Dollar….(read more)

New Zealand Dollar Exchange Rates Boosted

Written by Joe Mayhew on Friday, July 21, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.7738 Yesterday’s low: NZ$1.7459 GBP/NZD Trends Lower as Risk Appetite Rises Even in the absence of any fresh New Zealand data the ‘Kiwi’ was able to benefit from the weakness of its rivals, with the GBP/NZD exchange rate falling almost 1% on Thursday. This was partly fuelled by the dovishness of the Bank…(read more)

New Zealand Dollar Static before Spending Data

Written by Joe Mayhew on Thursday, July 20, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.7751 Yesterday’s low: NZ$1.7652 GBP/NZD Drops over 0.6% While the New Zealand Dollar derived some support from the news that the price of dairy produce (New Zealand’s main export) increased modestly in the latest dairy auction, the GBP/NZD exchange rate spent Wednesday holding firm. Increased demand for the US Dollar in the wake…(read more)

UK Inflation Disappointment Drags on GBP/NZD

Written by Joe Mayhew on Wednesday, July 19, 2017. Currency News - Foremost Currency News - Sterling / NZD

Yesterday’s high: NZ$1.7956 Yesterday’s low: NZ$1.7670 GBP/NZD Rate Falls on Softer BoE Rate Hike Bets Yesterday’s UK inflation figures had a decidedly negative impact on the GBP/NZD exchange rate, triggering a -1.2% decline. In brief, annual inflation fell from 2.9% to 2.6% in June, which eased pressure on the Bank of England (BoE) to raise…(read more)

New Zealand Dollar Exchange Rates Strengthen

Written by Joe Mayhew on Tuesday, July 18, 2017. Currency News - Sterling / NZD

Today’s high: NZ$1.7956 Today’s low: NZ$1.7798 GBP/NZD Drops over 0.6% Although New Zealand’s latest batch of inflation figures fell short, the GBP/NZD exchange rate still fell 0.6% during the Australasian session. The New Zealand Dollar also gained on the Euro and US Dollar as upbeat Chinese growth figures and rumours of a rate hike from…(read more)

NZ CPI to Drive New Zealand Dollar

Written by Joe Mayhew on Monday, July 17, 2017. Currency News - Sterling / NZD

Last week’s high: NZ$1.7893 Last week’s low: NZ$1.7593 GBP/NZD Fluctuates on US, UK News  While the New Zealand Dollar benefited from the decrease in Federal Reserve interest rate hike expectations on Friday, the GBP/NZD exchange rate strengthened on the back of positive developments in the UK’s Brexit negotiations. NZD Outlook: Neutral/Negative  All of this week’s…(read more)

NZD Remains Range-bound

Written by Joe Mayhew on Friday, July 14, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / NZD

Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 The Kiwi dollar remained broadly range-bound against a number of its counter-parts overnight despite weaker than prior New Zealand Business PMI figures.  Whilst the index was lower than the last 58.2 reading (56.2) any reading above 50 shows expansion.  As such, movement in NZD…(read more)

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