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The Kiwi rides this week’s risk-on wave to a net positive performance, triggered by receding fears of an economic meltdown thanks to pledges of massive support from central banks and governments.

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:

  • Risk sentiment soured a bit on Friday, possibly on traders fearing that the U.S. stimulus bill may hit a snag and on the continued acceleration of cases around the globe. The Kiwi actually held its ground well during this time frame, and rallied during the afternoon trading session on likely U.S. dollar weakness after the stimulus bill was later passed and signed by President Trump in the afternoon session.