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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

Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GD...
This past week's calm optimism was likely an interlude for a bigger shift in market conditions. With a FOMC decision, US GDP, ECB Stress test and much more ahead; stability will b...
New Zealand Dollar at Risk on Dovish RBNZ, Status-Quo FOMC
The New Zealand Dollar may fall if the RBNZ withdraws its promise of future rate hikes while a status-quo FOMC statement sees Fed tightening bets rebuild.
Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
Was this past week's rise in capital markets and relief from volatility a false dawn?
NZDUSD Top Possibly in Place for Next Bear Leg
This week’s spike into .8034 (just shy of the February low at .8050) may have put a top in for the next leg down in NZDUSD.
NZD/USD Remains Vulnerable Amid Lack Of Reversal Signals
NZD/USD continues to lack bullish cues from candlesticks on the daily. Yet some skepticism over a continued pullback may be warranted given recent ‘messy’ price action.
British Pound Could Close Out Week with a Bang on UK GDP
With much of the FX market checking out through the final 24 hours of trade this week in deference to the heavy docket next week, there is one major that is still on the line for ...
NZD/USD Technical Analysis: Kiwi Down Trend Restarted
NZD/USD Next Leg Lower Underway
GBP/USD to Face Slowing 3Q GDP- NZD/USD Bear Flag in Play
The GBP/USD remains at risk for a further decline on a dismal 3Q UK GDP print, while the bear flag in NZD/USD remains in focus ahead of the RBNZ meeting.
US Dollar Looks like an Attractive Buy versus Euro, Sterling, Yen
The US Dollar remains a buy as our FX trader data shows it is likely to continue higher versus the Euro, Sterling, and Yen. Here’s what we’re watching.

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%

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.