Kiwi dollar remains under pressure

The New Zealand dollar generally remained weaker yesterday after initial optimism was reversed later in the day. With little domestic data released the kiwi was largely directed by the movements of equity markets, which are being used as a barometer of risk aversion.

However in today's trading the pound has come under pressure and the kiwi dollar has come back somewhat.

GBPNZD: 1 week chart. Please click on graph to enlarge.