New Zealand moves to its highest level this year (SIDEWAYS)

30 Mar 2022

NZDCHF

An increase in the benchmark interest rate of New Zealand by 1% was able to make the New Zealand currency crawl up. Moreover, with the improvement in the business index and a reduced trade deficit, New Zealand's currency strengthened to its highest level this year.

However, it should also be noted that Switzerland is also a country whose economy is quite stable, even though it has a negative benchmark interest rate (-0.75%). This can cause the movement of the New Zealand currency against the Swiss currency to move sideways.

The possibility of this currency pair could move in the area of 0.63 - 0.65.