Last Week: Market Rebound Drives Volatile Movement
Both the Pound and New Zealand Dollar saw mixed movement last week as investors reacted to a rebound in forex market movement.
The Pound benefitted from weakness in the US Dollar and Euro, while the New Zealand Dollar benefitted from weakness in the Australian Dollar. This left GBP/NZD mixed, with the pairing only closing the week slightly lower.
NZD exchange rates did come under pressure at the end of last week after comments from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr struck a dovish tone. The RBNZ Governor hinted at ‘additional tools’ and possible negative rates for future monetary policy ahead of the central bank’s next meeting later in the month.


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