Economic data
New Zealand dollar tanks after central bank defies markets' near-certainty it would hike rates
The currency has lost almost 5% against the U.S. dollar in six months.
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More news about New Zealand
- New Zealand Dollar: RBNZ split keeps December hike in play - UOBUOB’s Lee Sue Ann notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.75% in a narrow 4-3 decision, but maintained a clear tightening bias.
- The RBNZ surprised markets with a pause and the Kiwi sank 1.6%: Why December hike bets may not save itThe US Dollar (USD) capitalized on an unexpected monetary policy pause by the Reserve Bank of New Zealand (RBNZ), which held its Official Cash Rate (OCR) at 2.75% in a narrow 4–3 vote despite wides...
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- NZD/USD Price Forecast: Bears eye 18-months low at 0.5564The New Zealand Dollar (NZD) sells off across the board on Wednesday and dives more than 1.3% against the US Dollar (USD) following the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision.
- New Zealand Dollar: Downside risks grow against US Dollar – Societe GeneraleSociete Generale analysts note that NZD/USD is testing the lower boundary of its multi-month range at 0.5560/0.5550 following the RBNZ's decision to hold the OCR at 2.75%, despite expectations of a...
- US Dollar: Dovish Fed surprise could weaken the Dollar - MUFGMUFG’s Derek Halpenny notes the US Dollar (USD) is under upward pressure ahead of the FOMC, with NZD/USD hit hard after a surprise Reserve Bank of New Zealand (RBNZ) hold. He expects the FOMC to ke...
- New Zealand Dollar: RBNZ pause signals downside risk against US Dollar – CommerzbankCommerzbank’s Norman Liebke notes that the Reserve Bank of New Zealand (RBNZ) surprised markets by holding at 2.75%, even as it signalled further hikes will likely be needed.
- New Zealand Dollar plummets as RBNZ unexpectedly leaves rates steadyThe New Zealand Dollar (NZD) trades sharply lower against its major currency peers on Wednesday. Against the US Dollar (USD), the kiwi dollar is down 1.28% to near 0.5600.
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