It is one of the 10 most-traded currencies in the world, and gained considerable appeal during the multi-decade commodity boom that took place around the globe. Kiwi appreciation had gotten so high that the Reserve Bank of New Zealand began intervention efforts in , seeking to devalue New Zealand Dollar.
Both the Australian and the New Zealand Dollars rose on Tuesday morning, but their sources of support varied. The RBNZ seems resistant to any formal mandate changes.
Dominant Trend Still Points Lower. Overall Bias Bearish Through Upswing. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.
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