The surprisingly strong growth of the economy in Q1 is a very positive change in the favor of the kiwi, even if the figure was released relatively late. The economy in this country is much more stable than currency movements show. NZD/USD has been a roller coaster pair during long periods. However, the economy has a strong base: food exports. External demand remains strong. The RBNZ is very conscious of currency movements and certainly dislikes the strength of the currency. This will not lead to an intervention, but might trigger a rate cut in the future. We are not there yet, and the current strength of the economy raises the chances for a rate hike rather than a rate cut. Like the Aussie, the kiwi will likely stabilize and somewhat refocus on Chinese and internal matters rather than European ones, but Europe has a tendency of staying in the limelight, and NZD is the riskiest of risk currencies, for good and for bad. This article is part of the Forex Monthly Outlook. You can download it by joining the newsletter in the form below, which appears on any article on  Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD July 24 Steady Despite Weak German, Euro-Zone PMIs Kenny Fisher 10 years The surprisingly strong growth of the economy in Q1 is a very positive change in the favor of the kiwi, even if the figure was released relatively late. The economy in this country is much more stable than currency movements show. NZD/USD has been a roller coaster pair during long periods. However, the economy has a strong base: food exports. External demand remains strong. The RBNZ is very conscious of currency movements and certainly dislikes the strength of the currency. This will not lead to an intervention, but might trigger a rate cut in the future. We are not there… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
