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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

Trading Video: S&P 500’s Risk Run Stalls, EURUSD Breakout Threat Grows
Between an abundance of technical breakout setups and extreme volatility readings, traders are growing anxious for trade setups to play out...
A Nearby "Hot Spot" for GBP/NZD Longs
Following an aggressive downtrend and sideways consolidation pattern in GBPNZD, several bullish technical signals have now aligned at a common “hot spot” that decidedly...
SSI: Retail Positioning Dictates Potential for British Pound Breakout
Retail forex traders remain mostly net- long the US Dollar, but the most intriguing positioning changes come by way of the British Pound crosses.
Awaiting Inevitable Breaks
There are some pairs that are facing major breakouts due to technical conditions, fundamental circumstances and even a mixture of both...
Trading Video: Different Breakout Pressure for EURUSD, NZDUSD and GBPUSD
Breakout pressure is building across the board - from high-minded fundamental themes like 'risk appetite' to individual currency pairs running out of trading room...
Forex: US Dollar Looking for Fed Policy Clues in Durable Goods Report
The US Dollar may extend its recovery if March Durable Goods Orders data tops expectations, arguing for continued “tapering” of Fed QE stimulus efforts.
NZD/USD Technical Analysis – Opting to Wait for Short Setup
NZD/USD Rallies as RBNZ Says Rate Hikes To Keep on Coming
The New Zealand central bank raised the Official Cash Rate by 25 basis points and warned of stronger inflation pressures, sending the Kiwi higher…
NZD/USD Sits on Support Shelf Before RBNZ
NZD/USD Holds 0.8550 Support- Need Hawkish RBNZ for Higher High
The NZD/USD appears to be carving a higher low as it holds above the 0.8550 region, but we will need a hawkish RBNZ policy statement to see a higher high.

New Zealand Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 07:37    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Apr 23
21:00
LIVE
NZD Reserve Bank of New Zealand Rate Decision (APR 24) 3.00% 3.00% 2.75%

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.