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NZD currency update: better than anticipated Current Account figures

Joe Mayhew Senior Currency Broker - NZD currency update: better than anticipated Current Account figures Written by:
Joe Mayhew
Senior Currency Broker
T: 01442 892 069

The Kiwi dollar didn’t move profoundly against its counterparts overnight after the news that New Zealand had published better than anticipated Current Account figures.

These came in at -2.7%, as opposed to the forecast -2.8%; GBP/NZD has moved within a cent range of 1.7530 to 1.7630 and EUR/NZD has moved down from 1.5425 to 1.5325. This may be due to today’s election in the Netherlands that could see Geert Wilders into power.

Tonight New Zealand are due to publish their GDP figures.

GBP/NZD exchange rate graph

GBP/NZD exchange rate graph

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Joe Mayhew
Senior Currency Broker
T: 01442 892 060

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