Australian Dollar to New Zealand Dollar Exchange Rate Today: AUD/NZD Falls, NZ Data Could Bolster NZ Dollar

January 25, 2015 - Written by John Cameron

STORY LINK Australian Dollar to New Zealand Dollar Exchange Rate Today: AUD/NZD Falls, NZ Data Could Bolster NZ Dollar

Latest Aus Dollar vs NZ Dollar Exchange Rate Outlook

The Australian Dollar exchange rate fell against the New Zealand Dollar when iron ore price predictions fell again.

Some major banking institutions have slashed their expectations for the price of Australia’s largest commodity in the coming year, and today Goldman Sachs added to that list. Iron ore prices declined by 47% in 2014 in a development that failed to offer the Australian Dollar little support. Goldman stated: ‘The decade-long love affair between China and iron ore is cooling. We consider China to be a mature market and import growth is bound to moderate in line with domestic steel consumption.’

The Pound to Australian Dollar exchange rate converts +0.59 per cent higher at 1 GBP is 1.90551 AUD.

ND Dollar Exchange Rate Today

Meanwhile, Chinese ecostats offered the New Zealand Dollar some support when the Manufacturing Purchasing Managers Index increased from 49.6 to 49.8.

The increase in manufacturing is thought to have been an effect of the recent central bank stimulus.

Economist Dariusz Kowalczyk commented: ‘The gain likely reflects positive impact from monetary easing. The manufacturing PMI reading suggests that industrial output will continue to expand at a solid pace in coming months.’ The ecostat also adds favour to those economists suggesting that China will expand rather than slowdown in coming months. Bloomberg noted: ‘China’s regions are setting lower economic growth targets as policy makers adjust to the “new normal” of a slower expansion pace for the world’s second-largest economy.

With no other domestic data out for either New Zealand or Australia on Friday, the Oceanic currencies are likely to fluctuate on global developments. Actions by central banks such as the Bank of Canada’s rate lowering this week can also play on the ‘Kiwi’ and the ‘Aussie’. The aftermath saw economists predict the Trans Tasman banks would be likely to follow suit in the near future—another factor weighing on the commodity currencies.

The Pound to New Zealand Dollar exchange rate is +0.28 pct higher with a conversion rate of 1 GBP equals 2.01790 NZD.

New Zealand Dollar Exchange Rate Forecast

Sunday will see the release of the New Zealand Performance of Services Index which resided at 54.8 in November. Any increase in the index further above 50.0 could allow the New Zealand Dollar to gain.

The 50.0 benchmark separates expansion from contraction and therefore any climb higher into the 50’s could work out extremely well for the ‘Kiwi’.


Monday’s NZ Credit Card Spending stats could also be of influence with the ecostats residing at 5.2% on the year in November. The economy had shown a 0.3% increase in January. However, December’s figure could jump with Christmas spending having a higher possibility to increase.

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TAGS: Australian Dollar Forecasts New Zealand Dollar Forecasts Pound Austr Forecasts