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Counter currency catalysts were a big driver for the New Zealand dollar this week, which managed to weather the global risk aversion sentiment to see net gains on the week.

Overlay of NZD Pairs: 1-Hour Forex Chart
Overlay of NZD Pairs: 1-Hour Forex Chart

New Zealand Headlines and Economic data

Monday:

  • Australia’s conservative party retains power in shocking election result – Aussie pairs gapped higher as it was a surprise that the incumbent party would hold power, contrary to polls results before the vote. The Kiwi followed suit with a gap higher as well, typical behavior as the two closely related countries tend to trade with strong correlation around top tier events.

Tuesday:

Wednesday:

Thursday:

Friday: