High frequency indicators show a tick up in economic activity, though it remains well below normal levels
Fundamental Forex Analysis

ANZ-Roy Morgan NZ Consumer Confidence bounces to 104.5 in June

Sharon Zollner, Chief Economist at Australia and New Zealand Banking Group (ANZ) noted the ANZ-Roy Morgan Consumer Confidence Index recovered further in June. It has made back about half its fall, but is around...

Giving temporary relief for entities that are unable to comply with requirements due to coronavirus
Fundamental Forex Analysis

NZ annual Trade Deficit shrinks to NZD1.33 billion in May

New Zealand’s Trade Deficit shrank to NZD1.33 billion in May vs. April’s NZD-2.441 billion, according to the latest Trade Balance data published by the Statistics NZ on Thursday. On a monthly basis, the Kiwi na...

Giving temporary relief for entities that are unable to comply with requirements due to coronavirus
Fundamental Forex Analysis

Largest impact from global recession, health restrictions will be seen in Q2

Following the release of New Zealand’s (NZ) Q1 GDP report, the country’s Finance Minister Grant Robertson noted that the biggest impact of the coronavirus impact will be in the second quarter of 2020. NZ got a ...

High frequency indicators show a tick up in economic activity, though it remains well below normal levels
Fundamental Forex Analysis

NZIER Consensus Forecasts shows growth outlook highly uncertain

According to the latest projections published by the New Zealand Institute of Economic Research (NZIER) on Monday, the NZ growth outlook remains at a risk of an even greater degree of uncertainty ahead. Key hig...

Economic activity has fallen abruptly as Govt responds to the coronavirus-led health risks
Fundamental Forex Analysis

May exports seen slowing due to coronavirus impact

According to the provisional trade data released by Statistics New Zealand (Stats NZ) for the period May 1 to May 3 on Wednesday, the exports are seen slowing in May due to the coronavirus impact on the economy...

NZ announces ban of indoor gatherings of more than 100 people, Kiwi bleeds
Forex News

Total exports plunge by 8.0% YoY while imports rise 3.5% between Feb 1 – May 6

Statistics New Zealand (Stats NZ) is out with its provisional trade data for the period between February 1 and May 6 to better reflect the coronavirus impact on the economy. Key details Total exports to all co...

Bears step in below 0.57 handle, US dollar marks up fresh highs
Forex News

NZD/USD rises 0.30% despite weak New Zealand data, eyes trendline hurdle

NZD/USD climbs as US stock futures extend Friday’s risk-on rally.  New Zealand’s consumer spending tanked in April, official data showed early Monday.  The pair appears on track to test the 2020 bea...

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Forex News

No need for the RBNZ to buy bonds direct from the government

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NZ inflation expectations fall sharply in Q2, Kiwi bulls unperturbed
Fundamental Forex Analysis

NZ inflation expectations fall sharply in Q2, Kiwi bulls unperturbed

According to the latest Reserve Bank of New Zealand (RBNZ) survey, New Zealand’s (NZ) both one and two-year inflation expectations plunged in the second quarter of 2020. Business managers forecast annual ...

New Zealand will remain among least-indebted of peer nations
Forex News

New Zealand will remain among least-indebted of peer nations

New Zealand’s Financial Minister, Grant Robertson has crossed the wires and said, ” New Zealand will remain among least-indebted of peer nations.” Key comments Sees opportunity to break housi...