KIWI DOLLAR TALKING POINTS AND ANALYSIS Fed peak + RBNZ hawkishness supportive of NZD. All eyes shift to the US for the rest of the trading week. Technical signals point to downside to come. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
Investing.com– Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near four-month lows. The was the best performer for the day, rallying nearly 1% after the Reserve Bank of New Zealand , but flagged potential
RBNZ Governor Orr press conference following the policy decision: RBNZ leaves cash rate unchanged at 5.5%, as expected RBNZ Policy Meeting: NZD/USD surges Via Westpac: The risk of an RBNZ rate hike “is real” From Orr: Meeting with new PM was highly constructive We’ve been adamant on holding rates through next year Projection shows upward
Share: NZD/USD loses momentum above the mid-0.6000s on Monday. Reserve Bank of New Zealand (RBNZ) is anticipated to hold the Offical Cash Rate (OCR) at 5.50% on Wednesday. US S&P Global Manufacturing PMI dropped to 49.4 vs. 50.0 prior, below the market consensus. RBNZ interest rate decision and US Gross Domestic Product (GDP)
The Reserve Bank of New Zealand meeting this week is scheduled for November 29. The announcement is due at 2pm, local New Zealand time: which is 0100 GMT, and 2000 US Eastern time on Tuesday the 28th the current RBNZ Official Cash Rate (OCR) is 5.5% and there is no expectation of any change in
Share: Economists at ING are bullish on the NZD/USD and are interested in whether the new government changes the Reserve Bank of New Zealand’s remit – a potentially bullish factor for the Kiwi. New government, higher rates? The New Zealand Dollar should benefit like AUD from a gradual optimistic rerating of growth expectations
Share: NZD/USD continues the downward trajectory for more than a week. NZD faces downward pressure as New Zealand’s Food Price Index fell 0.9% in October. Goldman Sachs anticipates the RBNZ to commence rate cuts starting in the fourth quarter of 2024. US inflation could grow but at a slower pace, which could put pressure
Share: NZD/USD weakens as RBNZ’s inflation report suggests an economic slowdown. Kiwi’s Business Services Index fell from the previous reading of 50.7 to 48.9. Downbeat Chinese inflation could impact the Kiwi Dollar. US-China Presidential meeting is scheduled for Wednesday during the Asia-Pacific Economic Cooperation summit in San Francisco. NZD/USD is caught in a
NZD/USD, GBP/NZD, NZD/JPY – Outlook: NZD/USD is holding above key support after RBNZ held rates steady. GBP/NZD has pulled back from stiff resistance; NZD/JPY’s range appears to be reinforced. What is the outlook and the key levels to watch in NZD/USD, GBP/NZD, and NZD/JPY? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast
Share: The Reserve Bank of New Zealand is expected to keep the Official Cash Rate unchanged at 5.5% in October. The RBNZ, with little room for surprises, may offer little help to the weak NZD/USD currency pair. The New Zealand Dollar shows a bearish tilt against the US Dollar after being rejected from
