NZD/USD is attempting to break a four-day losing streak on Tuesday, having found some composure in the mid-0.6700s. The pair has performed poorly recently amid buoyant dollar and weak stocks. Traders are keeping an eye on Fed Chairman Powell’s upcoming speech as well as New Zealand CPI this week. The NZD/USD is attempting to break […]
Tag: RBNZ
NZD/USD rises above 0.6850
NZD/USD has risen above 0.6800 on the back of softer-than-expected post-CPI US dollar profit-taking. Short-term bulls are looking at a test of the recent lows and the 21-200 DMA at 0.6900. The focus has now turned to the RBNZ meeting on Wednesday. After finding strong support above the 0.6800 level and its 50-day moving average […]
NZD/USD rallies towards 0.6950, hits highest level since late November
NZD/USD hit its highest level since late November in the 0.6950 area on Tuesday. Tuesday’s kiwi rally comes amid strong risk appetite and broad bullish momentum across the global equity space. NZD also has the added tailwind of one of the most aggressive G10 central banks in the RBNZ. The NZD/USD it rose to the […]
NZD/JPY hits highest level since Nov 2021, eyeing for a test of 80.00
NZD/JPY hit its highest levels since November 2021 at 79.80 on Thursday, with commodity-linked currencies such as the kiwi outperforming. The kiwi has benefited from higher commodity prices, which are positive for New Zealand’s terms of trade. It looks like the 80.00 level could very well be there for the NZD/JPY in the days ahead. […]
NZD/USD at session highs near 0.6870, all eyes point to 0.6900
The NZD is outperforming in tandem with its commodity-sensitive G10 peers, despite little commodity-inspired price action on the day. NZD/USD is at session highs near the 0.6870 area and points to a break towards resistance above 0.6900. The NZD is outperforming some of its more commodity-sensitive G10 peers like the Aussie and Loonie on Thursday, […]
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 […]
RBNZ to Offer Third Rate Hike, Signal Faster Tightening – Bloomberg Survey
It is expected that the Reserve Bank of New Zealand offers 25 basis point rate hike for third straight meeting as central bank struggles to combat rising inflationas shown by the latest Bloomberg survey of 20 economists. The RBNZ will announce its policy decision on Wednesday at 01:00 GMT. It will also publish new forecasts […]
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 […]