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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

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.
Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI
The British Pound may fall if minutes from October’s BOE meeting show the hawks unable to expand their ranks. The US Dollar may rise if inflation data tops forecasts.
NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
The Kiwi bulls have seemingly lost steam as indicated by a Doji candlestick and fading volume for the currency.
NZD/USD Technical Analysis: Stalling Below 0.80 Figure
NZDCAD Outside Reversal Day Favors Short Scalps Sub-9050
An outside reversal candle off key resistance today shifts our focus to the short-side of NZDCAD. Here are the updated targets & invalidation levels.
NZD/USD Possibly Completing Bearish Continuation Pattern
USD Attempts to Fight the Correction - Levels in EUR/USD, USD/JPY
The buck is facing new headwinds after last week's FOMC minutes, but there is technical evidence that the US Dollar is fighting the correction.
NZD/USD Consolidation Endures As Hanging Man Falls Flat
NZD/USDhas witnessed a lackluster response to a Hanging Man candlestick which had warned of a potential pullback for the pair.
Chinese Renminbi, Global Markets Await Chinese GDP
Though the US Dollar has opened the trading week lower, the market’s motivations are more likely a rebalancing in the face of anticipation of volatility rather than a fundam...
NZD/USD Technical Analysis: Slow Grind Higher Continues

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 15:24    

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