New Zealand Dollar NZD
Central Bank: Reserve Bank of New Zealand
Interest Rate: 2.50%
Public Debt to GDP Ratio, 2011: 35.7%
Trade Balance, 2011: $2.01 bln.
Inflation, 2011: 4%
Major commodity exporter
weak
The New Zealand dollar is the currency that is used in New Zealand, as well as in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is often nicknamed “kiwi”. The currency replaced the New Zealand pound in 1967. It is about 10th most-traded currency in the world and is often used in carry trade because of relatively high interest rates in New Zealand. The major industry of New Zealand is agriculture, wool, meat and dairy products being the most important components of the sector. Australia is the main trading partner of New Zealand and China is the second-biggest.
June 19th, 2013 at 12:04
New Zealand Dollar
The New Zealand dollar rose against its US counterpart, but fell versus the Japanese yen today after data showed that the nation’s current-account deficit narrowed last quarter. The moves were not big as the market is quiet ahead of the Federal Reserve policy decision.
June 14th, 2013 at 11:44
New Zealand Dollar
The New Zealand dollar retreated today even though domestic macroeconomic data was rather good and suggested that the economy is faring well.
June 13th, 2013 at 10:26
New Zealand Dollar
The New Zealand dollar dropped today after the Reserve Bank of New Zealand maintained interest rates unchanged and suggested that it may intervene to weaken the currency. The currency erased the drop against the US dollar, but remained soft versus the Japanese yen.
May 30th, 2013 at 16:57
New Zealand Dollar
The New Zealand dollar fell today after Reserve Bank of New Zealand Governor Graeme Wheeler said that the central bank is prepared to weaken the currency.
May 24th, 2013 at 11:12
New Zealand Dollar
The New Zealand dollar fell today as the trade balance surplus shrank last month more than was expected by market participants, adding to concerns about slowdown of global growth.
May 09th, 2013 at 10:48
New Zealand Dollar
The New Zealand dollar climbed today after country’s employers added more jobs than was expected. Moreover, the unemployment rate demonstrated huge (and unexpected) drop.
May 08th, 2013 at 12:17
New Zealand Dollar
The New Zealand dollar dropped today as the Reserve Bank of New Zealand intervened, selling the currency, and signaled that it may do so again to halt the rally of the kiwi.
May 01st, 2013 at 10:52
New Zealand Dollar
The New Zealand dollar gained today on hopes that the Federal Reserve will confirm that quantitative easing stays in place. The currency maintained gains even as China’s manufacturing growth slowed.
April 29th, 2013 at 10:37
New Zealand Dollar
The New Zealand dollar jumped today on forecast that housing approvals will show growth with accelerating pace in tomorrow’s report. The currency performed rather good last week and started this week on a strong footing.
April 26th, 2013 at 10:32
New Zealand Dollar
The New Zealand dollar rallied against its US counterpart today as New Zealand’s trading balance surplus surged above analysts’ expectations. The kiwi trimmed its advance versus the greenback later and fell against the Japanese yen despite the positive news.
