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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: Bounce Rejected at Resistance
NZD/USD Eyes 0.7700 With A Bearish Engulfing Formation In Tow
NZD/USD may be exposed to further weakness in the wake of a Bearish Engulfing pattern on the daily.
New Zealand Dollar Falls as RBNZ Talks Down Rates Outlook
The New Zealand Dollar fell after the RBNZ kept the benchmark interest rate unchanged at 3.50 percent and talked down future tightening expectations.
NZD/USD Continues Cautious Advance With A Bullish Pattern In Its Wake
NZD/USD has continued its cautious creep higher in the wake of a Harami candlestick formation
NZD/USD Technical Analysis: Rebound Seen as Corrective
NZD/USD .7960 is Important to Near Term Trend
Dollar Slips Alongside Volatility as FOMC Decision Approaches
Like US equity indexes, the US Dollar was little changed in the opening trading session of the week.
NZD/USD Climb Offers Harami Candlestick Formation Validation
NZD/USD’s recent rebound has offered confirmation to a key candlestick reversal pattern.
NZD/USD Technical Analysis: Pivotal Resistance Above 0.79
Fundamental Forecast: Dollar and Euro Face Critical Event Risk
The two most liquid currencies in the FX market are facing event risk that can redefine their respective trends...

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Oct 29
20:00
NZD Reserve Bank of New Zealand Rate Decision (OCT 30) 3.50% 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.