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.
23:45 New Zealand Consumer Price Index
New Zealand Dairy Auction
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Senior Currency Broker
T: 01442 892 060