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A round up of the latest New Zealand Dollar forecast news items from the Currency News desk.

The New Zealand Dollar to Pound Rate Drops Sharply as the RBNZ Cut 50bps

10 Oct 2024 at 7 AM - Written by David Woodsmith

STORY LINK The New Zealand Dollar to Pound Rate Drops Sharply as the RBNZ Cut 50bps

Wednesday’s session is mostly flat as the dollar and yields consolidate recent gains. The big move of the day comes from the New Zealand dollar which fell around –1%. This came after the RBNZ cut rates by another 50bps. This was no real surprise to markets, but the bank’s outlook and dovish tone weighed on exhancge rates....

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

New Zealand Dollar Drops Sharply as RBNZ Makes a Dovish Shift

10 Jul 2024 at 5 PM - Written by David Woodsmith

STORY LINK New Zealand Dollar Drops Sharply as RBNZ Makes a Dovish Shift

The RBNZ made a strong dovish shift in Wednesday’s meeting. While there were no firm commitments, the language of the statement suggested cuts are coming in Q4. The New Zealand Dollar dropped sharply and NZDUSD is –0.8%. European stock markets are staging a recover rally on Wednesday after several days of declines in the...

CATEGORIES: New Zealand Dollar Forecasts

New Zealand Dollar Retreats Ahead of Huge RBNZ Rate Decision This Week

26 Feb 2024 at 9 PM - Written by David Woodsmith

STORY LINK New Zealand Dollar Retreats Ahead of Huge RBNZ Rate Decision This Week

The New Zealand dollar lost ground on Monday with a significant element of position adjustment ahead of Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision. The New Zealand dollar to US dollar (NZD/USD) exchange rate retreated to 0.6175 after failing to bear 0.6200 while the Pound to New Zealand dollar (GBP/NZD) exchange rate...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

New Zealand Dollar Outlook: Eventual NZD/USD gains say ANZ Analysts

24 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK New Zealand Dollar Outlook: Eventual NZD/USD gains say ANZ Analysts

China Hopes Rescue the New Zealand Dollar, GBP/NZD Exchange Rate Retreats from 2-Month Highs The New Zealand dollar initially remained under pressure on Tuesday amid another round of disappointing economic data and rate-cut speculation. Reports that the Chinese authorities were set to launch a support package for Chinese equities...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

New Zealand Dollar Buoyant, Pound Slides to 6-Month Lows After UK Inflation data

21 Dec 2023 at 7 AM - Written by David Woodsmith

STORY LINK New Zealand Dollar Buoyant, Pound Slides to 6-Month Lows After UK Inflation data

The Pound to New Zealand Dollar exchange rate (GBP/NZD) was undermined by the latest UK inflation data on Wednesday. Although the New Zealand dollar retreated from intra-day highs, it remained in positive territory and posted 5-month highs against the US dollar. The GBP/NZD exchange rate posted sharp losses on the day and retreated...

CATEGORIES: Pound New Zealand Dollar Forecasts

New Zealand Dollar Spikes on RBNZ Rate-Hike Warning

29 Nov 2023 at 5 PM - Written by Ben Hughes

STORY LINK New Zealand Dollar Spikes on RBNZ Rate-Hike Warning

The Reserve Bank of New Zealand (RBNZ) held interest rates at 5.50% at the latest policy meeting which was in line with consensus forecasts. The statement was, however, notably more hawkish than expected and the warning that interest rates may have to increase further trigger sharp New Zealand dollar gains. NZD/USD spiked to 16-week...

CATEGORIES: New Zealand Dollar Forecasts

Pound Sterling loses out to Australian and New Zealand Dollars as Global Risk Appetite Surges

16 Nov 2023 at 8 AM - Written by Toni Johnson

STORY LINK Pound Sterling loses out to Australian and New Zealand Dollars as Global Risk Appetite Surges

The Australian and New Zealand dollars both benefitted from a surge in risk appetite following the benign US inflation data and the Australian dollar also drew support from the latest wages data. Chinese data releases also triggered an element of optimism surrounding the economic outlook which also underpinned the Australian and New...

CATEGORIES: Pound Australian Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts

Pound to New Zealand Dollar Forecast: GBP/NZD Slides from 3-Week Best

16 Oct 2023 at 9 PM - Written by Frank Davies

STORY LINK Pound to New Zealand Dollar Forecast: GBP/NZD Slides from 3-Week Best

The Pound to New Zealand Dollar exchange rate (GBP/NZD) hit 3-week highs near 2.0660 on Friday amid risk aversion. The New Zealand election result and hopes for Chinese support measures triggered a reversal on Monday with GBP/NZD sliding to test the 2.0500 area. Crucial GBP/NZD support does not emerge until the 2.0275-2.0300 area. In...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound New Zealand Dollar Exchange Rate News: GBP/NZD Soured as RBNZ Raised Interest Rates by 50bps

22 Feb 2023 at 3 PM - Written by John Cameron

STORY LINK Pound New Zealand Dollar Exchange Rate News: GBP/NZD Soured as RBNZ Raised Interest Rates by 50bps

New Zealand Dollar (NZD) Buoyed as RBNZ Hikes Rates by 50bps The New Zealand Dollar (NZD) found a surge in demand on Wednesday in the wake of the Reserve Bank of New Zealand (RBNZ) raising the interest rate to 4.75%, the highest level since January 2009. The move was the 10th consecutive raise, the most aggressive tightening cycle since...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound New Zealand Dollar Exchange Rate News: GBP/NZD Pressured by Unrelenting Inflationary Pressures

2 Nov 2022 at 12 PM - Written by John Cameron

STORY LINK Pound New Zealand Dollar Exchange Rate News: GBP/NZD Pressured by Unrelenting Inflationary Pressures

Pound (GBP) Slumped on Cost-of-Living Crunch The Pound (GBP) struggled for demand against almost all its rivals on Wednesday as the cost-of-living crisis deepens. Food prices continue their surge as they rose by 11.6% in October, the fastest increase since 2005 when records began. Non-food prices also increased 4.1% from September,...

CATEGORIES: Pound New Zealand Dollar Forecasts

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