NZD/USD forecast presents the need of forex traders to compare and contrast different predictions of it. NZD/USD forecast is a direct forecast, others are not considered in this prediction. The NZD/USD forecast is meant for forex traders who chose to trade on the pair only.
NZD/USD is sometimes called The Kiwi, just as a dollar coin shows a kiwi bird. It is the ten most traded and successful is the world, gaining a wonderfulappreciable appeal in a product multi decade boom that surfaced all around the globe, financial commodity market. Kiwi appreciation over these years has made the Reserve Bank of New Zealand to begin a devaluation of the New Zealand Dollar as an intervention in year 2012.
NZD/USD informs a trader in how many United State Dollars (quote currency) are required to by a one NZD (base currency). This pair together with the AUD and Canadian dollar serves as a product which is basically securities whose local country’s exports comprises in a large rate of raw materials (precious stones, oil, agriculture, scientific ideas and even labour).
FORECAST FOR 2017
Some online contributors and forex forecasters have painstakingly surveyed at the last month of 2016 that the Kiwi will accelerate in a fall in the second semester by the end of 2017.
HISTORIC HIGHS AND LOWS FOR NZD/USD
All-time records: Maximum: 1.49 on 5/11/1973 - Minimum: 0.3962 on 16/10/2000.
Past 12 months (March 2016-March 2017): Maximum: 0.74854 on 07/09/2016 - Minimum: 0.63478 on 20/01/2016.
Past 5 years (March 2011-March 2016): Maximum: 0.88360 on 10/07/2014 - Minimum: 0.65794 on 20/08/2015
ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE NZD/USD are affected by several factors which are majorly politically and economically oriented. Most of these factors are dependent on the local environment of the currencies that is their countries. These factors as organisation and people’s thataffects the movements of the NZD/USD forecast are;
Reserve Bank of New Zealand(RBNZ) issues , decide and issues statements on the interest rates of NZD
New Zealand Government and its Ministry of Business, Innovation and Employment (MBIE) are responsiblefor policy implementation which affects the countries currency.
Asia-Pacific Economic Cooperation (APEC) is a forum of twenty one Pacific Rim members that are responsible for the provision of free trade throughout the Asia-Pacificregion.
The US Government, whose administrative statements laws and regulations of its fiscal policies affect the movement of the United States Dollar and also those securities traded along it, in this case is the case is the New Zealand Dollar, NZD.
The Federal Reserve of the United States controls financial and monetary policies through interest rate management, reserve requirement settings, and playing the role of a lender of last feasible resort in the banking sector during recession or financial crisis.
It is important that regarding economic data, NZD/USD traders have to monitor the following;
GDP (Gross Domestic Product); this is the total market value and price of all final goods plus services produced in a country at any point in time.
Inflation measured and determined by key indicators as the CPI (Core Price Index) and the PPI (Production Price Index), showcasing fluctuations in purchasing price.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.