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NZDUSD
New Zealand Dollar / U.S. Dollar
Past performance is not an indication of future results.
About
NZDUSD represents the amount of dollars that 1 New Zealand dollar can buy.
Factors affecting NZDUSD
1. U.S. monetary policy 2. New Zealand monetary policy
Historical market review
On August 7, 2019, the Reserve Bank of New Zealand (Central Bank) announced that it would lower the benchmark interest rate by 50 basis points to 1%, a record low. NZDUSD plunged within the next 2 hours, and the price fell from a high of 0.6545 to 0.6376, a drop of 169 pips.
Economic data affecting NZDUSD (by importance)
1. U.S. Fed interest rate decision 2. Non-Farm Payrolls