He Deputy Governor of the Reserve Bank of New Zealand (RBNZ), Christian Hawkesbydeclared on Friday that “Cutting interest rates is not part of the short-term discussions“.
Featured Statements
Although short-term inflation risks are on the upside, we are confident that medium-term inflation will return to target.
No data alone will cause rates to rise, so domestic inflationary pressures and expectations will need to be monitored..
Much uncertainty about negotiable inflation in the future.
Market reaction
NZD/USD remains defensive near 0.6100 following these comments, down 0.11% on the day.
New Zealand Dollar prices today
The following table shows the percentage change of the New Zealand Dollar (NZD) against the currencies listed today. The New Zealand Dollar was the weakest currency against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.03% | 0.14% | 0.03% | 0.13% | 0.15% | 0.08% | |
| EUR | -0.06% | -0.01% | 0.07% | -0.05% | 0.07% | 0.10% | 0.02% | |
| GBP | -0.03% | 0.00% | 0.08% | -0.02% | 0.09% | 0.11% | 0.02% | |
| JPY | -0.14% | -0.07% | -0.08% | -0.09% | -0.00% | 0.02% | -0.07% | |
| CAD | -0.03% | 0.05% | 0.02% | 0.09% | 0.09% | 0.13% | 0.04% | |
| AUD | -0.13% | -0.07% | -0.09% | 0.00% | -0.09% | 0.02% | -0.06% | |
| NZD | -0.15% | -0.10% | -0.11% | -0.02% | -0.13% | -0.02% | -0.09% | |
| CHF | -0.08% | -0.02% | -0.02% | 0.07% | -0.04% | 0.06% | 0.09% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the New Zealand Dollar in the left column and scroll down the horizontal line to the US Dollar, the percentage change in the box will represent NZD (base)/USD (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
