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?
NZD Rate Decision on Tap
July 29, 2009 5:56 pm by Natalie R.The Reserve Bank of New Zealand (RBNZ) will be meeting tonight to decide upon a new Interest Rate. The Official Cash Rate is at 2.50%, and is not expected to change this time around. The accompanying RBNZ Rate Statement will ...
NZD Recovering Faster than Most Currencies
July 14, 2009 7:33 pm by Natalie R.The New Zealand Dollar (NZD) strengthened to a one-week high against the USD following remarks by Reserve Bank (RBNZ) Governor Alan Bollard stating that New Zealand’s economy will recover ahead of most of its trading partners. This statement prompted speculations ...
Economic Outlook for New Zealand (GDP Forecast)
June 25, 2009 10:54 pm by Natalie R.New Zealand’s currency weakened yesterday after a government report showed the current-account deficit narrowed as imports slumped and the profits of foreign-owned companies declined amid the worst recession in more than 3 decades. The New Zealand Dollar (NZD) was last ...
Long and Shallow Recovery for the NZD?
June 22, 2009 12:24 pm by Natalie R.The New Zealand Dollar started the week on a downtrend as renewed concerns over the prospects of global recovery, and worsening political tension in Iran, pushed investors back into safer currencies such as the USD and the Yen. New Zealand’s ...
NZD Strength Dampening New Zealand’s Recovery?
June 15, 2009 5:31 pm by Natalie R.New Zealand’s currency (NZD) advanced 2.7% this week versus the USD to 64.31 U.S. cents as the Reserve Bank of New Zealand (RBNZ) kept the interest rate at 2.5%. Pushing the rally were also increased bets on interest rate increases. ...
Did the NZD Rise too Quickly?
June 9, 2009 1:21 pm by Natalie R.The New Zealand Dollar (NZD) has been experiencing a downward trend for the past week against the USD due to speculation that its rise to an 8-month high against the U.S currency was too quick. The NZD/USD has fallen over ...
The New Zealand Dollar is Turning Up
May 29, 2009 9:47 pm by Natalie R.The New Zealand dollar (NZD) rose recently, broadly reversing a decline on Thursday, and gaining 3.4% against the Japanese yen to 60.49. It was also up 1.8 % versus the U.S. dollar at $0.6253. The NZD extended its 3-month rally ...
Bullish Pacific Currencies? JPY-AUD-NZD Market Forecast
March 30, 2009 1:06 pm by Dan EduardJPY The JPY has experienced a rough week of bearish trading against the majors. The JPY is currently down by about 60 pips against the USD, as investors sway away from the Japanese currency. The Yen is also down against most ...
The Favorite Carry-Trade for FX Traders
January 14, 2009 4:10 pm by Natalie R.In forex trading, the New Zealand Dollar (NZD) Japanese Yen (JPY) pair is considered an exotic currency pair that is especially popular among carry trade investors. This potentially lucrative form of trading involves selling a currency with a low interest ...
