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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 Woes May Continue With Reversal Signals Lacking
NZD/USD’s break below 0.8650 alongside a void of bullish reversal signals suggests the pair’s woes may be set to continue.
Euro Selloff May Continue as PMIs Fuel Bets on More ECB Stimulus
The Euro may launch the next leg of its decline after hitting an eight-month low as a soft set of PMI figures fuels speculation about an expansion of ECB stimulus.
Dollar Fails to Leverage Key EURUSD Break
The key to seeing the dollar and broader financial markets return to trend – bullish or bearish – is seeing the masses return and reestablish a level of commitment. Ca...
NZD/USD Technical Analysis: Kiwi Drops to 6-Week Low
Trading Video: Markets Diverge, Dollar and Risk Struggle, NZD Drops on Rate ...
Moving forward we will see speculative appetite and monetary policy forecasts will once again share the spotlight. We discuss these themes and their trade implications in today's ...
New Zealand Dollar Falls Sharply as RBNZ Signals Rate Hike Pause
The New Zealand Dollar moved sharply lower despite another RBNZ interest rate hike as the central bank signaled a move into wait-and-see mode going forward.
AUDNZD Rally At Risk Ahead of RBNZ- 1.0880 Key Resistance
Our topside bias is vulnerable heading into major event risk as the pair holds just below critical resistance. Here are the updated targets & invalidation levels.
NZD/USD to Carve Higher-Low on Hawkish RBNZ Forward-Guidance
The Reserve Bank of New Zealand’s (RBNZ) forward-guidance may heavily impact the NZD/USD as market participants weigh the outlook for monetary policy.
A Lot of Euro Technical Moves but Lacking Conviction
Another wave of tempting technical breaks have flushed through my charts, this time on behalf of the Euro bears...
Trading Video: Has the EURUSD Drop Below 1.3500 Broken the FX Dam?
Aussie inflation data and an RBNZ rate decision expected to result in yet another hike. What opportunities does all of this present? That is the topic of today's Trading Video.

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 12:18    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Jul 23
21:00
NZD Reserve Bank of New Zealand Rate Decision (JUL 24) 3.50% 3.50% 3.25%

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.