NZD to CAD Exchange Rate

Upcoming Events for NZD and CAD

		Notikums	Prev.	Cons.
17h 42m Augsts	NZD	Retail Sales YoY (Q4)	-2.5%	-1.8%
17h 42m Augsts	NZD	Retail Sales QoQ (Q4)	-0.1%	0.6%
21h 57m Zems	NZD	Credit Card Spending YoY (Jan)	-1.4%	-1.2%
1d Med	CAD	BoC Gravelle Speech
1d Zems	NZD	1-Year Bill Auction	3.52%
1d Zems	NZD	6-Month Bill Auction	3.646%
1d Zems	NZD	3-Month Bill Auction	3.739%
2d Zems	CAD	Manufacturing Sales MoM (Jan)	0.3%	0.2%
3d Zems	CAD	Wholesale Sales MoM (Jan)	-0.2%	-0.3%
3d Med	NZD	ANZ Business Confidence (Feb)	54.4	56

RBNZ and BOC Interest Rates

Country	Central Bank	Current Rate	Previous Rate	Next Meeting
New Zealand	Reserve Bank of New Zealand	3.75%	4.25%	44 days
Canada	Bank of Canada	3.0%	3.25%	17 days

The Reserve Bank of New Zealand cut its interest rate further by 50 basis points on Thursday and signalled more reductions this year to support economic growth. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to lower the Official Cash Rate to 3.75 percent from 4.25 percent. The bank has lowered the rate by 175 basis points since August.

RTTNews | 4 days ago

New Zealand Services Index Expands In January - BusinessNZ

The services sector in New Zealand climbed up into expansion territory in January, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 50.4.

RTTNews | 6 days ago

New Zealand Manufacturing Sector Climbs Into Expansion - BusinessNZ

The manufacturing sector in New Zealand moved up into expansion territory in January, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI core of 51.4.

RTTNews | 9 days ago

New Zealand Jobless Rate Climbs To 5.1% In Q4

The unemployment rate in New Zealand came in at a seasonally adjusted 5.1 percent in the fourth quarter of 2024, Statistics New Zealand said on Wednesday - in line with expectations and up from 4.8 percent in the previous three months.

RTTNews | 18 days ago

Analysis for NZDCAD

How You Can Trade the NZDCAD From the Monetary Policy Divergency

The recent inflation data from New Zealand and Canada has triggered notable movements in their respective currencies, the NZD and CAD. While both countries experienced a slowdown in inflation, the market response has been different.

ACY Securities | 127 days ago

NZD/CAD BoC vs. RBNZ Divergence

The New Zealand dollar was the top performer among G10 currencies last night, and the latest policy meeting by the RBNZ is to thank for that. The NZD/USD exchange rate surged to an intra-day high of 0.6152, while the AUD/NZD rate fell to an intra-day low of 1.0861. The New Zealand dollar has appreciated 4.1% month-to-date versus the USD, making the Kiwi the best G10 currency this month.

ACY Securities | 274 days ago

Weekly Recap August 07 - 11, 2023

Participants in the foreign exchange (forex) market focused their attention on Chinese economic data and U.S. inflation statistics during this week. These factors have a significant impact on monetary policy predictions and overall market sentiment.

ACY Securities | 558 days ago