The Reserve Bank of New Zealand keeps the official cash rate stable at 0.25% and introduces a Loan Financing Program. The RBNZ sees an average OCR of 0.25% in the first quarter of 2021. The Reserve Bank of New Zealand today released its monetary policy statement, where it was expected to unveil a Loan Financing […]
Tag: RBNZ
NZD / USD lateralized, awaiting RBNZ decision
NZD / USD is trading at the midpoint of its 0.6800-40 intraday range as traders await the RBNZ rate decision. However, global issues and USD dynamics appear to be leading the pair. Other than Monday’s high just above 0.6850, there are very few notable levels of resistance before 0.6900. The NZD / USD trade cautiously […]
NZD / USD consolidates near 0.6800, the highest level since March 2019
NZD / USD extends last week’s strong gains and continues to move higher on Monday. Joe Biden’s victory in the US presidential election keeps the USD bulls on the defensive. Market optimism provided an additional boost to the perceived riskier NZD. The pair NZD / USD now appears to have entered a bullish consolidation phase, […]
NZD / USD declines slightly after hitting the 0.6800 level for the first time since March 2019
RBNZ inflation expectations increased to 1.59% for the fourth quarter of 2020 and provided a good boost to the NZD / USD. The uncertain political situation in the United States keeps the dollar bulls on the defensive and supports the upward movement of the pair. A sustained move above the 0.6800 level will mark a […]