New Zealand Dollar Exchange Rate News

The Pound New Zealand Dollar (GBP/NZD) exchange rate fell by -0.2% despite the Reserve Bank of New Zealand’s (RBNZ) hawkish bias this week by forecasting a possible rate hike next year. The pairing is currently trading around NZ$1.93. The New Zealand Dollar’s gains against the Pound – which shot up by 1% yesterday – proved to be short-lived as New Zealand-China trade relations continue to show signs of souring. New Zealand’s foreign minister Nanaia Mahuta warned about growing tensions between New Zealand and Beijing,...

The Pound New Zealand Dollar (GBP/NZD) exchange rate jumped 1.2% this afternoon following the UK central bank meeting, leaving the pairing trading at around NZ$2.0187. On Thursday, the Bank of England (BoE) left interest rates on hold, stating the economy had picked up since the General Election, meaning further stimulus was not currently needed. Markets had been predicting a 50% chance of Governor Mark Carney using his last meeting to cut rates, meaning GBP received an upswing of support and rallied against the...

The Pound New Zealand Dollar (GBP/NZD) exchange rate eased today, leaving the pairing fluctuating around NZ$1.850. Sterling fell against the New Zealand Dollar following the announcement of the Bank of England’s interest rate decision today, which held at 0.75%. However, Mark Carney, the Governor of the BoE, was downbeat in his forecast, saying that the UK could face a likely recession on a no-deal Brexit – a prospect that now looks highly likely. Mr Carney said: ‘After a no-deal Brexit, sterling would likely fall, risk...

Demand for both the Australian Dollar and New Zealand Dollar have risen this week as markets become more willing to take risks again, but the Australian Dollar to New Zealand Dollar (AUD/NZD) exchange rate itself has tumbled due to data and news that has caused a surge in New Zealand Dollar buying. Since opening this week at the level of 1.0818, AUD/NZD briefly edged higher before plunging during Wednesday’s Asian session. On Thursday morning, AUD/NZD touched on a four month low of 1.0713 before edging higher to trend in the region...

Daily Pound Sterling News: GBP/NZD Exchange Rate Rises on GDP Acceleration The Pound has shaken off Monday’s GBP/NZD exchange rate losses and risen by 0.5% against the New Zealand Dollar today, thanks to supportive UK GDP data. The Office for National Statistics (ONS) has devised a new method of collating gross domestic product and today has brought its first ‘monthly’ GDP readings. May’s figure has shown an improvement on April’s reading, with growth from 0.2% to 0.3%. Additional support for the Pound has come from...

US Dollar Shakes Off Syrian Intervention Concerns with 0.3% USD/CAD Exchange Rate Rise The US Dollar’s advance against the Canadian Dollar today has come at a troubling time for the US, as the country appears to once again be on the brink of war in the Middle East. Echoing events from a year ago, in the wake of a suspected chemical weapons attack by the Syrian government US President Donald Trump has threatened to attack Syria. At the time in 2017, Trump limited his actions to a solitary missile strike on an airbase, but all...

Brief Government Shutdown Triggers US Dollar to South African Rand Exchange Rate Decline The US Dollar has fallen against the South African Rand and additionally made losses against the New Zealand Dollar and Australian Dollar today. This poor performance comes after the news that the US government was briefly shut down, due to an inability to pass funding legislation. In a repeat of an incident from a few weeks ago, the US government was technically inoperative because a funding bill was not passed by the House of...

A lack of supportive factors in Sterling trade this week has left the British Pound to New Zealand Dollar exchange rate in free fall, as the New Zealand Dollar benefits from NZ data and market anticipation for the upcoming Reserve Bank of New Zealand (RBNZ) policy decision. Market anticipation for the Bank of England (BoE) just isn’t doing enough to support the Pound, as GBP/NZD opened this week at the level of 1.9334 and has since shed over three cents. GBP/NZD hit a three-week-low of 1.8973 on Wednesday and trended near those lows...

Pound to New Zealand Dollar Exchange Rate Rises despite Slowing UK Inflation The Pound has made a minimal rise against the New Zealand Dollar today, despite the handicap news of slowing UK inflation rates. Basic annual inflation fell to 3% in December, while the core reading printed lower at 2.5%. While the base reading showed a slowdown, it still remains 1% above the Bank of England’s (BoE) maximum target range. Nancy Curtin of Close Brothers Asset Management blamed Brexit for the underlying cause of the Pound drop, adding...

Euro to New Zealand Dollar Exchange Rate (EUR/NZD) Firms after ECB Minutes The Euro has risen by 0.8% against the New Zealand Dollar today, in addition to a 0.9% advance against the Australian Dollar. The Euro’s present strength comes from a European Central Bank (ECB) meeting on Thursday, in which the bank said that; ‘The language pertaining to various dimensions of the monetary policy stance and forward guidance could be revisited early in the coming year’. This has meant that the ECB may be thinking about finally...