NZD/USD Forecast Poll
NZD/USD, THE “KIWI”
The NZD/USD pair, also called the “Kiwi”, tells the trader how many US dollars (the quote currency) are needed to purchase one New Zealand dollar (the base currency). This currency pair is also known as the "Kiwi". Together with the Australian Dollar and the Canadian Dollar, the NZD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).
Along with the Australian Dollar, the NZD has been for many years a traditional vehicle for carry traders, which has made this currency also very sensitive to changes in interest rates.
FORECAST FOR 2017
FXStreet’s contributors, surveyed at the end of December 2016, expected the Kiwi to accelerate down in the second semester and be at 0,6400 by the end of 2017. See full forecast
Also take into account that New Zealand general election is scheduled to be held on Saturday 23 September 2017.
Some Extra information:
For the NZD, the market has thrown the towel in terms of expecting any more rate cuts
ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE NZD/USD
The organizations and people that affect the most the moves of the AUD/USD pair are:
- Reserve Bank of New Zealand that issues statements and decides on the interest rates of the country.
- New Zealand Government and its Ministry of Business, Innovation and Employment (MBIE) that implement policies that affect the economy of the country.
- Asia-Pacific Economic Cooperation, forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
- The US Government: events as administration statements, new laws and regulations or fiscal policy can increase or decrease the value of the US Dollar.
- Fed, the Federal Reserve of the United States. The Fed controls the monetary policy, through active duties such as managing interest rates.
- Currencies: This group includes the following currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, EUR/GBP and USD/CHF