News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 09:00 GMT (15min)
  • Heads Up:💶 Industrial Production YoY (MAR) due at 09:00 GMT (15min) Expected: 11.7% Previous: -1.6%
  • Heads Up:🇨🇳 New Yuan Loans (APR) due at 09:00 GMT (15min) Actual: CNY1470B Expected: CNY1600B Previous: CNY2730B
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • 🇵🇭 Interest Rate Decision Actual: 2% Expected: 2% Previous: 2%
  • Ethereum (ETH)/Bitcoin (BTC) spread just keeps on giving. Bitcoin dominance 42.2%, Ethereum dominance 19.7%. Still some way but flippening? #bitcoin #btc #ethereum #eth @DailyFX Chart via @IGcom
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.64%, while traders in GBP/JPY are at opposite extremes with 66.48%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min)
  • Heads Up:💶 ECB Non-Monetary Policy Meeting due at 08:00 GMT (15min)
NZD/USD Remains Weak Helped by Central Bank Rhetoric

NZD/USD Remains Weak Helped by Central Bank Rhetoric

Nick Cawley, Strategist
NZD/USD Remains Weak Helped by Central Bank Rhetoric

Outlook for NZDUSD - Bearish

  • The Central Bank left rates unchanged but hawkish talk pushed the NZ dollar lower.
  • Moody’s affirms New Zealand’s Aaa issuer rating.
  • See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.

The New Zealand dollar looks set to resume its downward path, and the Reserve Bank of New Zealand will not stand in its way. The NZD/USD is relatively unchanged on the week but a hawkish press statement from the central bank on March 23, after it left rates unchanged, points to the pair moving south and testing the recent lows.

After Reserve Bank governor Graeme Wheeler left interest rates unchanged at 1.75% on Thursday, he said,

The trade-weighted exchange rate has fallen 4 percent since February, partly in response to weaker dairy prices and reduced interest rate differentials. This is an encouraging move, but further depreciation is needed to achieve more balanced growth.”

Wheeler added that monetary policy will remain accommodative for a considerable period.and while numerous uncertainties remain, policy may need to adjust according.

A recent report from rating’s agency Moody’s Investor Services gave the Government of New Zealand the thumbs-up and re-affirmed the country’s Aaa rating. Moody’s said that it expects New Zealand to be among the fastest growing Aaa-rated economies in the coming years. They agency added that while the economy is small and open, in the event of shocks the economy “responds swiftly and positively to a weaker exchange rate and lower interest rates, as seen in recent years. Exchange-rate and interest-rate sensitive sectors such as tourism and construction generate economic activity and jobs to support income.

After the recent post-FOMC relief rally, the Kiwi dollar continues to weaken. Support may kick-in at March’s low print of 0.68903 before December 2016’s low of 0.68621 comes into focus.

Chart: NZDUSD Daily-Timeframe (November 23, 2016 – March 24, 2017)

NZD/USD Remains Weak Helped by Central Bank Rhetoric

Chart by IG

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Don't trade FX but want to learn more? Read the DailyFX Trading Guides

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.