Exchange Rates
NZD expected to consolidate around current levels of 0.6850 and some retracement of losses expected; against the AUD the NZD has recovered to 0.8915 and the 0.8850 support level is expected to hold
31st Oct 17, 5:38pm
NZD expected to consolidate around current levels of 0.6850 and some retracement of losses expected; against the AUD the NZD has recovered to 0.8915 and the 0.8850 support level is expected to hold
After falling significantly against the USD from 0.7170 before the coalition news, the NZD is trading around the 0.6976 level; NZDAUD trading at around the 0.8928 mark after testing 0.8883 yesterday; AUD driftls lower on stronger USD
24th Oct 17, 4:12pm
After falling significantly against the USD from 0.7170 before the coalition news, the NZD is trading around the 0.6976 level; NZDAUD trading at around the 0.8928 mark after testing 0.8883 yesterday; AUD driftls lower on stronger USD
NZD trading at 0.7082 USD after being weighed down by election uncertainty, 0.7050 is the main support level and downside risks remain; downside risk also seen against the AUD as 0.9050 may be tested
10th Oct 17, 3:47pm
NZD trading at 0.7082 USD after being weighed down by election uncertainty, 0.7050 is the main support level and downside risks remain; downside risk also seen against the AUD as 0.9050 may be tested
NZDUSD likely to trade in the 0.7240-0.7290 range with a downside break favoured; NZDAUD continues to trade in a broad 0.9050-0.8970 range; AUD has held up well above the 0.8000 USD level, a break below which would threaten 0.7970
12th Sep 17, 3:44pm
NZDUSD likely to trade in the 0.7240-0.7290 range with a downside break favoured; NZDAUD continues to trade in a broad 0.9050-0.8970 range; AUD has held up well above the 0.8000 USD level, a break below which would threaten 0.7970
Poor US data was quickly forgotten after a hydrogen bomb test by North Korea over the weekend; NZDUSD has performed well so far this week but downward pressure remains; NZDAUD is lower this week
5th Sep 17, 4:08pm
Poor US data was quickly forgotten after a hydrogen bomb test by North Korea over the weekend; NZDUSD has performed well so far this week but downward pressure remains; NZDAUD is lower this week
NZD trading at 0.7245 USD with critical level of support at 0.7180; NZDAUD down to 0.9125 and looks to form a base around the 0.9100 level; Yellen and Draghi stress importance of leaving in place regulations implemented post GFC
29th Aug 17, 4:01pm
NZD trading at 0.7245 USD with critical level of support at 0.7180; NZDAUD down to 0.9125 and looks to form a base around the 0.9100 level; Yellen and Draghi stress importance of leaving in place regulations implemented post GFC
NZD has climbed back over the 0.7300 USD mark on USD weakness and is expected to stay in the 0.7315 - 0.7360 range for a few days; NZDAUD at 0.9220 with little clear direction; Markets look to Jackson Hole Symposium beginning Thursday
22nd Aug 17, 3:47pm
NZD has climbed back over the 0.7300 USD mark on USD weakness and is expected to stay in the 0.7315 - 0.7360 range for a few days; NZDAUD at 0.9220 with little clear direction; Markets look to Jackson Hole Symposium beginning Thursday
NZDUSD helped by weaker than expected US CPI data but remains susceptible to any further uptick in risk-aversion; NZDAUD continues to range trade; US-Korea tensions ease; Chinese data disappoints
15th Aug 17, 3:50pm
NZDUSD helped by weaker than expected US CPI data but remains susceptible to any further uptick in risk-aversion; NZDAUD continues to range trade; US-Korea tensions ease; Chinese data disappoints
NZDUSD broke the 0.7400 support level as the USD strengthened and is trading at 0.7351, close to the 0.7340 support level; NZD also lower against the AUD; NZD direction dependent on the RBNZ statement this week
9th Aug 17, 7:45am
NZDUSD broke the 0.7400 support level as the USD strengthened and is trading at 0.7351, close to the 0.7340 support level; NZD also lower against the AUD; NZD direction dependent on the RBNZ statement this week
NZD trading at 0.7519 USD on a weak USD; USD down 2.6% for the month as continuing upheavals in the Trump administration and lack of progress on tax agenda attracted USD selling, direction to be driven by data releases this week
1st Aug 17, 3:27pm
NZD trading at 0.7519 USD on a weak USD; USD down 2.6% for the month as continuing upheavals in the Trump administration and lack of progress on tax agenda attracted USD selling, direction to be driven by data releases this week
Political paralysis has weighed on the USD; NZD consolidating around the 0.7430 USD area and has bounced back against AUD to 0.9379 AUD; Fed Funds rate meeting this week expected to have no surprises
25th Jul 17, 12:40pm
Political paralysis has weighed on the USD; NZD consolidating around the 0.7430 USD area and has bounced back against AUD to 0.9379 AUD; Fed Funds rate meeting this week expected to have no surprises
USD weakness has been the main theme for the week, driven by Fed speakers, data and Trump administration; NZD has underperformed over this time and is lower on other crosses, not helped by soft inflation data
18th Jul 17, 12:12pm
USD weakness has been the main theme for the week, driven by Fed speakers, data and Trump administration; NZD has underperformed over this time and is lower on other crosses, not helped by soft inflation data
NZDUSD trapped in the 0.7250 and 0.7340 range for three weeks and a downside bias likely; NZDAUD also likely to have a downside bias; US data shows low unemployment but not broad based wage gains
11th Jul 17, 12:24pm
NZDUSD trapped in the 0.7250 and 0.7340 range for three weeks and a downside bias likely; NZDAUD also likely to have a downside bias; US data shows low unemployment but not broad based wage gains
NZD has performed well against the USD and AUD and currently trades at 0.7293 and 0.9596 respectively; USD supported by Fed policy to normalise interest rates despite soft data; commodity prices expected remain choppy
27th Jun 17, 4:22pm
NZD has performed well against the USD and AUD and currently trades at 0.7293 and 0.9596 respectively; USD supported by Fed policy to normalise interest rates despite soft data; commodity prices expected remain choppy
NZD expected to hold the 0.7170 - 0.7250 USD range ahead of RBNZ's OCR announcement on Thursday; big 4 Australian banks see credit downgrade, but AUD bounced back from the news on the back of an iron ore price rally
20th Jun 17, 3:16pm
NZD expected to hold the 0.7170 - 0.7250 USD range ahead of RBNZ's OCR announcement on Thursday; big 4 Australian banks see credit downgrade, but AUD bounced back from the news on the back of an iron ore price rally
Market expects a 0.25% rate hike this week, but there is uncertainty around the number of hikes planned for the remainder of the year; NZD to hold 0.7200 USD level until FOMC announcement; GBP under pressure after election
13th Jun 17, 3:51pm
Market expects a 0.25% rate hike this week, but there is uncertainty around the number of hikes planned for the remainder of the year; NZD to hold 0.7200 USD level until FOMC announcement; GBP under pressure after election
NZD now above 0.7100 USD and continues to outperform AUD; UK election, ECB meeting and Comey testimony key events for the week; Fed expected to increase rates despite weak economic data
6th Jun 17, 3:47pm
NZD now above 0.7100 USD and continues to outperform AUD; UK election, ECB meeting and Comey testimony key events for the week; Fed expected to increase rates despite weak economic data
NZD trading at 0.7046 USD after hitting at a 2 month high of 0.7090, consolidation at current levels expected; AUD suffers as commodity prices struggle, NZDAUD traded at a 3 month high of 0.9524 last night
30th May 17, 4:31pm
NZD trading at 0.7046 USD after hitting at a 2 month high of 0.7090, consolidation at current levels expected; AUD suffers as commodity prices struggle, NZDAUD traded at a 3 month high of 0.9524 last night
NZD back above 0.7000 USD and 0.9300 AUD; US markets have calmed after Trump's tour to Saudi Arabia; AUD began the week on a more positive note holding over 0.7400 USD
23rd May 17, 6:17pm
NZD back above 0.7000 USD and 0.9300 AUD; US markets have calmed after Trump's tour to Saudi Arabia; AUD began the week on a more positive note holding over 0.7400 USD
Supportive fundamentals are countered by RBNZ's neutral policy, which limits upside potential of the NZD; AUD back above the 0.7400 USD level, however overall tone remains negative; US data releases mixed but overall positive trend in economy expected
16th May 17, 5:38pm
Supportive fundamentals are countered by RBNZ's neutral policy, which limits upside potential of the NZD; AUD back above the 0.7400 USD level, however overall tone remains negative; US data releases mixed but overall positive trend in economy expected
NZDUSD currently trading at 0.6903, a move towards 0.7000 possible; AUD under pressure as Chinese data and iron ore prices take effect; primary support for USD are Fed decisions as Trump policies look increasingly diluted
9th May 17, 7:18pm
NZDUSD currently trading at 0.6903, a move towards 0.7000 possible; AUD under pressure as Chinese data and iron ore prices take effect; primary support for USD are Fed decisions as Trump policies look increasingly diluted
NZDUSD lost almost 200 points last week and is now trading at 0.6918; with the French elections this weekend, expect choppy European markets this week; soft US data releases lately indicate that the health of the economy may have been overstated
2nd May 17, 4:47pm
NZDUSD lost almost 200 points last week and is now trading at 0.6918; with the French elections this weekend, expect choppy European markets this week; soft US data releases lately indicate that the health of the economy may have been overstated
NZDUSD has recovered to 0.7000 level, however NZD weakness is expected in the near term; against the AUD, NZD likely to be rangebound after facing resistance at the 0.9300 level; mixed USD data and Trump comments have added volatility to the markets
18th Apr 17, 4:36pm
NZDUSD has recovered to 0.7000 level, however NZD weakness is expected in the near term; against the AUD, NZD likely to be rangebound after facing resistance at the 0.9300 level; mixed USD data and Trump comments have added volatility to the markets
NZD is currently trading at the 0.6950 level after testing a 0.6920 low, look for a move to the 0.6900 level over the next week; against the AUD the NZD has been firm and upside potential remains; USD strength to continue as Fed rate rises
11th Apr 17, 4:20pm
NZD is currently trading at the 0.6950 level after testing a 0.6920 low, look for a move to the 0.6900 level over the next week; against the AUD the NZD has been firm and upside potential remains; USD strength to continue as Fed rate rises
NZD at 0.70 USD levels and has risen to around the 0.92 AUD level, expected to drift downwards against USD and upwards against AUD; Despite Trump administration's difficulties in enacting policy, the US economy continues to grow at a slow and steady rate
5th Apr 17, 7:38am
NZD at 0.70 USD levels and has risen to around the 0.92 AUD level, expected to drift downwards against USD and upwards against AUD; Despite Trump administration's difficulties in enacting policy, the US economy continues to grow at a slow and steady rate