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After an early week bounce off of positive geopolitical comments, the New Zealand dollar drifted lower all week, possibly off of comments from RBNZ Governor Adrian Orr in an interview on Tuesday.

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

New Zealand Headlines and Economic data

Monday:

Tuesday:

  • Nothing’s too big to fail’, warns Reserve Bank governor Adrian Orr – In this interview, Orr called for an increase in capital requirements for the four biggest banks, which could hinder lending and economic growth. Not sure if this was the catalysts for the Kiwi’s turn lower on the week, but with no other apparent influences, this may be the closest thing.

Wednesday:

Thursday:

Friday: