New Zealand Dollar Market Reports & Forecasts
To keep in the know, read our forecasts and market reports on the New Zealand Dollar. With information on currency rate changes, economic and political events and forecasts. Our reports will ensure you don’t miss any important details that could affect New Zealand Dollar exchange rates.
The RBNZ kept interest rates on hold last night under market expectations. Graeme Wheeler the bank’s Governor expects rates to remain low for some time.
A good start to the year for the New Zealand Dollar marking a decade of consistent growth for the economy. With the UK’s EU exit expected in March the New Zealand Dollar may make further gains against the Pound.
The New Zealand Dollar is being driven by political events in the US, following Trump’s repeal of the Trans-Pacific Partnership (TPP). Dairy prices are on the rise which may benefit NZD.
The New Zealand Dollar has hit a decade high against the Pound, with concerns that the UK is heading for a hard Brexit. Tomorrow’s Brexit plans from Theresa May could put further dents in the GBP/NZD position.
Last week the New Zealand Dollar came under pressure as its largest export, Whole Milk, fell by 3.9% at Global Dairy Auction of the year. This is starting to be a trend for the price in milk and a concern for New Zealand.
Tomorrow’s GDP figures are expected to show strong growth for the New Zealand economy, bolstered by the booming construction industry which has seen more than 40,000 homes built this year. Could an interest rate hike be on the table for the RBNZ in 2017?
The Pound continues to post gains against the New Zealand Dollar following the US interest rate decision yesterday, but with the UK set to leave the EU in the early stages of 2017, exchange rates may begin to change course.
Pound to New Zealand Dollar exchange rates remain volatile with political uncertainty set to continue in Europe. Milk prices could be on the rise which may have beneficial implications for NZD.
The New Zealand Dollar is experiencing major volatility following a Trump victory, further NZD weakness could be on the horizon if the FED raise interest rates in December.
The interest rate cut from the RBNZ was overshadowed by the shock Trump victory in the US yesterday, is now the best time to buy the New Zealand Dollar?