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Kiwi flat for our last update of 2019 – we’ll be back on 6 January

Published December 23, 2019

By Phil Lynch

The New Zealand Dollar has opened largely unchanged, just 3 pips lower than last week’s opening level. The flightless bird looks set to go into hiding over the coming three weeks, with the next major economic announcement not coming until U.S. Non-farm Payrolls data is released on 11 January, 2020.

As always, there is the possibility of 2019 year-end position square-ups having an impact, and there is also the outside chance of another ‘flash crash‘. On a more positive note, it is first time ever that the U.S. economy has gone through an entire decade without going into a recession.

EncoreFX Holiday Hours

The team at EncoreFX will be working through the Christmas and New Year break, with the exception of weekends and statutory holidays. If you need anything at all, please don’t hesitate to contact us at encorefxnz@encorefx.com, or call us on 09 941 4050.

This will be our last market update of 2019, see you again from 6 January, 2020.