» Forex Trading Forecast: New Zealand Dollar

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Forex Trading Forecast: New Zealand Dollar

Currency trading with the kiwiIn the forex trading forecast, the New Zealand dollar is expected to drop in the near future. After performing rather well in currency trading, the kiwi is poised for a dramatic drop as the economy can no longer sustain the high interest rates being charged.

Bloomberg reports on interest rates in New Zealand, as well as the country’s dollar:

“The RBNZ will be more aggressive with interest-rate cuts, so the narrowing rate differential suggests a downside risk for the kiwi,” said Danica Hampton, a currency strategist at Bank of New Zealand in Wellington, confirming a client note today.

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This entry was posted on Wednesday, May 21st, 2008 at 14:33 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: New Zealand Dollar

Currency trading with the kiwiThe forex trading forecast for the New Zealand dollar may not be the great. Even though currency trading is going well for the kiwi right now, especially against the Japanese yen, some weakening may be on the horizon. Economic issues are starting to catch up to New Zealand. Bloomberg reports on the possible forex trading forecast for the New Zealand dollar:

“We’ve got a crumbling housing market here and we’re expecting growth to slow dramatically this year,” Hampton said in an interview with Bloomberg News, confirming a research note today. “A pullback to 77.50 cents isn’t out of the question.”

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Source : GFT Forex

This entry was posted on Monday, February 25th, 2008 at 14:34 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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