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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 Below 0.86 in Focus

NZD/USD Rebounds from Trendline; Closes at 20 Day Average

Potential for Heavy Swings Fading Quickly

We have passed an important mark where the probability of these markets generating major technical breaks with trend potential is severely deteriorating...

NZD/USD Breaks Below 0.8600 As Dark Cloud Cover Weighs On Prices

With a shift in the trend taking place, a break below key support at 0.8600 would cement a bearish technical bias.

Pound to Look Past Jobless Claims Data, Dollar Eyes Fed Beige Book

The British Pound is unlikely to find direction cues in UK Jobless Claims data. The US Dollar may rise if an upbeat Fed Beige Book bolsters QE “taper” continuity bets.

NZD/USD Technical Analysis – A Top in Place Below 0.87?

NZD/USD to Eye 0.8750 Ahead of RBNZ on Faster New Zealand Inflation

A pickup in New Zealand’s Consumer Price Index (CPI) may spur fresh highs in the NZD/USD as it boosts interest rate expectations.

NZD/USD Tradable Top in Place

Readying Trade Setups for Risk Trends and Rate Forecasts

The imminent risk/potential of a risk break has eased to start the week, but we have great rate speculation opportunity for Euro, Pound and Dollar pairs...

NZD/USD Faces Drop To 0.8600 Following Bearish Reversal Signal

The Kiwi may be set to continue its retreat following confirmation of the Dark Cloud Cover candlestick formation on the daily.

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 01:50    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Apr 15
22:45
NZD Consumer Prices Index (YoY) (1Q) 1.5% 1.7% 1.6%

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.