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NZD (New Zealand Dollar)

The New Zealand Dollar is often called the 'Kiwi', as the $1 coin depicts the kiwi bird that New Zealand is often associated with. The New Zealand Dollar has consistenly been one of the top 10 most-traded currencies in the world, and interest rate differentials after the financial collapse have helped the currency to remain popular amongst Forex traders.

NZD News and Analysis

NZD/USD Technical Analysis: Support Met Below 0.75 Mark
EUR/USD Risk Triumvirate to Keep Volatility Elevated This Week
The Euro’s beating continued last week, with fresh 11-year lows coming against the US Dollar after the European Central Bank unveiled its much-anticipated QE program. There ...
Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boi...
We are already off to a volatile start to 2015, and the coming week presents high-level event risk that will likely keep those activity levels high.
New Zealand Dollar May Rise as RBNZ Maintains Hawkish Rhetoric
The New Zealand Dollar may rise as RBNZ rhetoric after next week’s rate decision maintains a hawkish lean, clashing with a dovish shift in market expectations.
GBPNZD At Key Channel Resistance
GBPNZD at key resistance.
EUR Tumbles Post-ECB; Does New QE Program Live Up to Hype?
The ECB has finally joined the QE party, albeit five-years late...
Dollar Charges Higher as Policy Contrast Draws Focus to Fed
While this past session’s top event risk – the ECB’s stimulus announcement, it was the Dollar that gained the most from the news.Why should another wave of globa...
NZD/USD Technical Analysis: Selloff Extends for Fifth Day
NZD/USD Breaks Down
T-Minus 0: Trade Setups in EUR as ECB Prepares for QE Liftoff
The moment we've all been waiting for since early-December has finally arrived. Will speculation around the ECB live up to the hype?

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 06:23    

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  • (GMT +10) Brisbane
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  • (GMT +11) Vladivostok, Sydney, Melbourne
  • (GMT +12) GMT+12:00
  • (GMT +13) Auckland, Fiji
  • (GMT +14) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Jan 28
20:00
LIVE
NZD Reserve Bank of New Zealand Rate Decision (JAN 29) 3.50% 3.50%

The New Zealand Dollar came into existence in 1967 after the country shifted away from the New Zealand Pound. The New Zealand Dollar was initially pegged to the US Dollar at a rate of one New Zealand Dollar equaling $1.6200 US Dollars, although the peg was changed later in the year of introduction to $1.12 US Dollars for each New Zealand Dollar. This peg was managed and changed up until 1985 in which The New Zealand Dollar was set to free-float.


Monetary Policy for the economy and the New Zealand Dollar is controlled by The Reserve Bank of New Zealand. The bank embarked on intervention efforts in June of 2007 for the first time since the currency was allowed to free-float, largely in an effort to drive the value of NZD lower.


These efforts were largely seen as ineffective as The New Zealand Dollar moved to new post-float highs of .8103 shortly thereafter. However, after printing a new high in early 2008, the Financial Collapse sparked a massive move in the currency that eventually saw the New Zealand Dollar trading below .50 against the US Dollar.


After bottoming below .50 against the US Dollar in March of 2009, the currency embarked on a massive move, gaining more than 75% against the US Dollar over the next two-and-one-half years, creating more calls within government for additional easing.