NZD/USD sees a bearish open on Monday, albeit lacks continuation selling. The worsening situation in Ukraine boosts the safe-haven US dollar and puts downward pressure on the pair. Signs of stability in the markets help the perceived riskier NZD attract some buying at lower levels. The pair NZD/USD has risen back above the 0.6700 round […]
Tag: NZDUSD
NZD/USD rises above the 50-DMA at 0.6729 amid increasing fighting between Russia
NZD/USD is up 0.64% on the week. Russia’s attack on Ukraine extends for the third day in a row amid reports that Putin is open to talks with Ukraine. NZD/USD Technical Outlook: Neutral bias but 50 DMA capped Friday’s upside move. Friday’s trading session so far has seen an improvement in risk appetite as European […]
RBNZ to raise rates 0.25% at each meeting in 2022 – Goldman Sachs
Following the announcement of a rate hike by the Reserve Bank of New Zealand on Wednesday, Goldman Sachs analysts have adjusted their tightening outlook for the central bank. Featured Comments “In light of the RBNZ’s aggressive guidance and today’s OCR move, we now we expect the RBNZ to rise by +25 basis points at each […]
Can’t rule out 0.50% hikes in the future, rates need to go up significantly
The Governor of the Reserve Bank of New Zealand (RBNZ), Adrian Orrmade his comments at the press conference following the February monetary policy decision, noting the following. Future rate hikes of 50 basis points cannot be ruled outrates need to increase significantly. We’ll take our time Step by Step. Capacity pressures on the economy are […]
RBNZ raises rate by 25 basis points to 1%
The The Reserve Bank of New Zealand has met market expectations on Wednesday by raising the cash rate by 25 basis points.raising it to 1%. key notes The RBNZ says that more adjustment needed. As well agreed to begin phasing out bond holdings from the central bank under the large-scale asset purchase program, LSAP. Agree […]
NZD/USD rises for sixth straight day trading at 0.6735 ahead of RBNZ policy meeting
The NZD extends its gains on the week, rising as much as 0.62%. On Tuesday, the sell-off in global equities accelerated, while in the currency space, risk-sensitive currencies rose against safe-haven pairs. RBNZ: Money Market futures are priced at 100% chance of a 25bp rise, while the chance of a 50bp rise is 30%. During […]
NZD/USD surges above 0.6700, tests February highs ahead of key RBNZ rally
NZD/USD has retreated above 0.6700 on Monday despite global equities falling on geopolitical tensions. The pair points to a break above the key resistance at 0.6735, which would open the door towards 0.6800. NZD bulls are in charge ahead of this week’s key RBNZ meeting, amid talk of a 50bp hike. Despite the sharp decline […]
NZD/USD rises to 0.6725 amid risk appetite, bulls eye monthly high
NZD/USD captures new buying on Monday and approaches monthly high again. Risk appetite weighs on the safe-haven USD and benefits the perceived riskier NZD. The absence of relevant economic releases warrants some caution before opening aggressive bullish positions. The pair NZD/USD has built on its steady intraday rise at the start of the European session […]
NZD/USD falls below 0.6700 as Russia-Ukraine headlines worsen market mood
NZD/USD falls 0.04% in the American session on Friday. Russia/Ukraine headlines dominate the mood of market participants as uncertainty clouds investors. Williams, the New York Fed, favors a gradual increase in rates to the upside, pushing back the possibility of 50 bps in March. The NZD/USD looks to end the week on a higher note, […]
NZD/USD flirts with 1-week lows just below 0.6600 amid stronger USD/risk aversion
A combination of factors dragged NZD/USD lower for the third day in a row on Monday. Growing bets on a 50bp Fed rate hike in March continued to act as a tailwind for the USD. Risk aversion weighed on the kiwi perceived as riskier and also contributed to the drop. The pair NZD/USD it maintained […]
