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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 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 Targets Fresh Lows
Steadily one-sided FX trader sentiment warns that the New Zealand Dollar will likely continue lower versus the US Dollar.
Yen May See Greater Impact from Eurozone PMIs Than the Euro
Eurozone PMI figures may mean more for the Japanese Yen than the Euro if soft outcomes feed global slowdown fears and trigger market-wide risk aversion.
NZD/USD Plunge Leaves Void Of Bullish Signals In Its Path
NZD/USD’s dramatic turnaround was heralded by a Doji candlestick, which suggested hesitation from the bulls near the 0.8060 barrier.
Dollar Advances Across the Board as Sentiment Breaks, CPI Steady
A fever of risk appetite in the equities market broke this past session and September inflation statistics for the US printed a steady – if below target – pace. How di...
NZD/USD Technical Analysis: Ready to Resume Down Trend?
Trading Video: S&P 500 Rally Cools and EURUSD Offers a Dollar Break
Just when the US equity market was hitting its stride, bullish conviction has stumbled.
USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 21:14    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Oct 22
21:45
NZD Consumer Prices Index (YoY) (3Q) 1.0% 1.2% 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.