NZD
New Zealand dollar is down at the beginning of the week
The New Zealand dollar opened lower with a gap against the US dollar reaching lowest level over four months at 0.7057, which is a strong support level.
Daily wrap up – 25 September
25 Sep 2017 06:48 PM |The start of the week was dramatic for the euro, despite the success of Angela Merkel for a fourth term during the German federal elections on Sunday, September 24, the Christian Democratic Union (CDU) and the Christian Social Union (CSU) win 33% of the vote. The ruling party's current partner the Social Democratic Party (SDP) printed the worst result since the Second World War by getting 20.5%, prompting the leader of the party to describe this day by bitter today, and the shock was in the success of the far right-wing party to enter parliament for the first time in half a century, represented by the Alternative for Germany Party (AFD), which has not been established for 4 years.
Wheeler: lower New Zealand dollar is needed to support growth
30 Aug 2017 11:55 AM |Graeme Wheeler, Reserve Bank of New Zealand Governor, said:
• In the absence of major unexpected shocks, the outlook looks promising for continued strong economic growth in New Zealand over the next two years.
New Zealand's trade surplus narrows in July
24 Aug 2017 10:33 AM |New Zealand's trade surplus narrowed to NZ$85 million in July from NZ$246 million in the previous month, while market expectations showed a trade deficit of NZ$200 million.
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