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NZ CPI to Drive New Zealand Dollar

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 most influential data for New Zealand is set for release at the start of the week. New Zealand’s inflation report is forecast to show a decrease in consumer price pressures in the second quarter. If that estimation proves accurate, NZD exchange rates could dip.

Key Events

17th July

23:45 New Zealand Consumer Price Index

New Zealand Dairy Auction

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To keep up to date with the New Zealand Dollar, visit the NZD blog in our Currency News section.

Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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