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With no catalysts from New Zealand this week, it was all about risk sentiment and counter currency flows for the Kiwi. Unless you’ve been under a rock, then you know traders were mostly influenced by the Coronavirus story this week, which drove traders far away from “risk assets” like the New Zealand dollar.

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

Monday:

Tuesday:

Wednesday:

Thursday:

Friday: