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The Kiwi comes out a big loser despite a mostly quiet week for New Zealand headlines and data.  This is mainly due to a surprise story that the RBNZ may look into “unconventional policy,” but also likely on rising geopolitical concerns and Aussie weakness.

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

New Zealand Headlines and Economic data

Tuesday:

Wednesday:

Thursday:

Friday:

  • Geopolitical concerns rose and drove traders out of high-yielders on the session like the New Zealand dollar, this time possibly on reports of Iran test-firing a medium-range ballistic missile, adding fuel to the already tense situation between the U.S. and Iran