NZDUSD
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RBNZ Review Hawkish Orr strike fails to boost bird - NZDUSD
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 3%. It is the RBNZ’s fourth straight 50bp hike in a row, in a tightening cycle that started back in October.
Bird flies after RBNZ hawkish hike - NZDUSD
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 2.00%, a follow up to its 50bp rate hike in April. While this was widely expected, a surprise came as the RBNZ revised the OCR terminal rate to 3.9% in June 2023 from its earlier 3.35% forecast.
RBNZ preview and what comes next for the NZDUSD?
The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by another 50 basis points to 2.00% at its meeting tomorrow. The real focus will be on the accompanying Monetary Policy Statement (MPS), which will provide updated inflation forecasts and OCR track changes.
NZ employment report preview and what next for the NZDUSD
A huge week ahead as three central banks line up to raise interest rates, and three employment reports drop, including one in New Zealand on Wednesday morning.
RBNZ - How high can hawks fly? NZDUSD
At its first meeting of the year, the RBNZ as expected, raised the Official Cash Rate by 25bp to 1% and reiterated that further hikes would be necessary.
Risk aversion overshadows hot NZ Q4 CPI data: NZDUSD
In a reversal of roles, Australian Q4 CPI data released earlier this week has proved to be a reliable predictor of inflation in New Zealand, as annual inflation in New Zealand accelerated to a 30 year high earlier today.
NZ Q4 CPI preview and what next for the NZDUSD?
Evidence of nine Omicron cases discovered in the Nelson-Tasman region of New Zealand last week prompted a move from orange to red light traffic setting over the weekend, meaning new restrictions have come into force.
NZ Q3 GDP preview and what comes next for NZDUSD
Tomorrow's release of Q3 New Zealand GDP at 8.45 am (Sydney time) provides a steppingstone for traders looking to transition from the highly anticipated FOMC meeting into a busy Asian session.
RBNZ dovish rate hike keeps Bird grounded - NZDUSD
As widely expected, the Reserve Bank of New Zealand (RBNZ) today raised the Overnight Cash Rate (OCR) by 25bp to 0.75%. Recognition of a booming property market and overshoot in the RBNZ’s two primary objectives set out below as a reminder.
RBNZ Preview: Rate rise unlikely to boost the bird - NZDUSD
The Reserve Bank of New Zealand (RBNZ) raised the Overnight Cash Rate (OCR) by 25bp to 0.50% in October. Since then, the run of hot economic data has continued.
New Zealand jobs report in focus and what it means for the NZDUSD
Once the dust settles on this afternoon's RBA meeting, the focus of antipodean traders will switch to the release of New Zealand labour market data for the September quarter (Q3) tomorrow morning.
The Bird gains altitude NZDUSD
At the risk of sounding like a broken record, the NZDUSD was again the outperformer in G10 FX overnight, driven by various tailwinds.
NZDUSD outperforms ahead of Q3 inflation data
Posing the most serious threat to global growth into year-end an acceleration in inflation.
NZD Spikes Lower As Traders Price In A Live RBNZ Meeting In May
New Zealand CPI data missed them mark, instilling a blast of bearish volatility for NZD crosses as traders adjusted to the idea of a May cut.
NZD/USD Probing Key Floor Ahead of Mid-Month Chinese Data Dump
Markets are trading with a slight risk-off tone as we go to press, with the US dollar clocking in as the strongest major currency while aussie and kiwi bring up the rear.
RBNZ Shift To Dovish, Kiwi Keels Over
Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of the neutral gear whilst NZD traders burned rubber towards the exit.
NZD/USD coils ahead of FOMC and NZ GDP
The NZD/USD might not be the most obvious pair to monitor the US dollar’s movement against tonight, but there is a good reason why this pair should be watched closely.
Weekly COTS Report - 18th March 2019
A summary of the weekly Commitment of Traders Report (COTS) from CFTC to show market positioning among large speculators.
NZD/USD Riding High on RBNZ and Optimistic Trade Talk Fumes
In the middle of the week, the RBNZ opted to leave its primary interest rate unchanged at 1.75%, where the central bank expects it to remain for a “considerable period.” Governor Orr and company noted that there were both upside and downside risks to inflation; therefore, the next change to interest rates could either be higher or lower.
FX recap: NZD stars in lacklustre trade ahead of US CPI
After being hit by profit-taking yesterday, the US dollar was trading mixed on Wednesday morning when this report was written. The greenback was holding its own well against the euro and the pound but was down against some commodity dollars. FX market participants were looking forward to US consumer inflation data, due for release at 13:30 GMT (08:30 ET), for direction.
FX update: Dollar hit by profit-taking; RBNZ and US CPI in focus
The major FX pairs further extended their losses earlier this morning, before rebounding to turn green on the day as North American participants slowly made their way to their trading stations.