New Zealand Interest Rate Decision
July 27, 2011 1:32 pm by Russell GlaserThe Reserve Bank of New Zealand will announce its interest rate decision this evening and is expected to hold rates at 2.50%. Traders are increasing their expectations for an interest rate hike in the near term having bid the Kiwi ...
Kiwi Hits 3-Year High Versus US Dollar
May 30, 2011 10:36 am by Russell GlaserOvernight the New Zealand dollar reached its highest level versus the US dollar since February 2008 on the strength of significantly better than forecasted trade balance data as the Kiwi builds on gains from last week.
FX Technical Analysis – AUD/NZD – More Downward Pressure
May 26, 2011 9:22 am by Russell GlaserFollowing today’s sharp appreciation ofthe New Zealand dollar the AUD/NZD made a breach below a key support level.
NZ Quake and Technical Pressure Weighing on Kiwi
February 22, 2011 7:30 am by Greg HoldenFollowing yesterday’s earthquake in New Zealand – which some expect will claim upwards of 70 lives – the Reserve Bank of New Zealand (RBNZ) appears poised to reduce interest rates in order to ease concerns. New Zealand stocks also plummeted ...
NZD/USD Tumbles in Wake of New Zealand Earthquake
February 22, 2011 7:00 am by Russell GlaserThe Kiwi was sharply lower following an earthquake that measured 6.3 on the Richter scale and sent buildings tumbling. The NZD/USD is currently testing the 0.7500 support line. A move below this level could trigger further selling to the 0.7350 ...
NZD/USD Reverses Course, Targets 0.7500
January 4, 2011 6:17 am by Greg HoldenThe US dollar’s decline against most other major currencies yesterday appears to have skipped the Pacific country of New Zealand. The NZD/USD, as will be shown below, actually underwent a bearish session, with many indicators signaling a continuation of this ...
New Zealand Dollar Holds Up Near Month High
June 17, 2010 6:55 pm by Natalie R.The New Zealand dollar (NZD) traded near its strongest levels since mid-May after a global rally in stocks and declining volatility boosted demand for higher-yielding assets.
New Zealand’s Recovery is Solidifying, Pushing Up NZD
January 14, 2010 1:59 pm by Natalie R.New Zealand’s Dollar traded near its highest level in two months following the release of a report which showed approvals to build homes rose for a 5th consecutive month. The New Zealand Dollar is currently trading around 74.31 U.S. cents, ...
NZD Looks Stronger Than Ever!
September 23, 2009 3:29 pm by Yan PettersThe weekly NZD/USD chart is leaving no room for misunderstandings – the kiwi is advancing more than any other major currency. After appreciating more than 2,000 pips, can the NZD soar any further?
