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Positive week for the Kiwi  dollar in reaction to more global central bank easing and positive developments on the geopolitical / economic fronts, including New Zealand’s housing and business sector.

Overlay of NZD Pairs: 1-Hour Forex Chart
Overlay of NZD Pairs: 1-Hour Forex Chart
NZD Weekly Performance from MarketMilk
NZD Weekly Performance from MarketMilk

New Zealand Headlines and Economic data

Wednesday:

  • Kiwi pairs strongly rallied during the afternoon U.S. trading session, correlating with the news that the Federal Reserve cut interest rates another quarter point and lowered expectations of an interest rate hike any time soon. This had a broadly positive effect on global risk sentiment and closed the interest rate differential gap between the U.S. and New Zealand assets.

Thursday:

Friday: