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New Zealand’s Prime Minister,  Ardern has said that the government will review Auckland’s virus restrictions on September 21st and that the rest of the nation will move to alert level 1 midnight 21/9/20.

NZD/USD update

 It was a more subdued session for the Kiwi, but looking ahead, this is a big week with the current account data and the PREFU on Wednesday.

 Gross Domestic Product data is out on Thursday.

GDP data will be the worst on record, but it won’t be as bad as first thought and we expect the current account deficit to narrow. It’s all mostly technical but the Kiwi is looking for good news at the moment,

analysts at ANZ Bank explained. 

  • NZD/JPY Price Analysis: On the bear’s watchlist as price holds below 4-HR resistance

  • NZD/USD: Remains above 0.6650 against all odds

  • New Zealand’s GDP to contract 7.2% in fiscal year 2021 – NZIER