Partner Center Find a Broker

With a near empty calendar from New Zealand, global risk sentiment and counter currency strength were likely the main drivers of the Kiwi once again. Overall, the New Zealand closed out the week as a net loser, only gaining against the Aussie and Sterling at the close on Friday.

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:

Thursday:

  • Global risk aversion sentiment picked up early in the Asian session to send the Kiwi broadly lower on what was perceived to be a weak coronavirus response from the U.S. (travel restrictions from Europe), and possibly picked up speed on the likelihood traders were disappointed that the ECB didn’t do more to stimulate the economy (i.e., no expected rate cut) in their latest monetary policy actions.

Friday: