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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.

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May 24, 2022 05:02 PM

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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.

Rocket taking off on a bright day

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.

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February 23, 2022 04:07 PM

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.

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December 15, 2021 02:57 PM

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.

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November 24, 2021 12:57 PM

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.

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November 23, 2021 02:02 PM

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.

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October 20, 2021 03:04 PM

NZDUSD outperforms ahead of Q3 inflation data

Posing the most serious threat to global growth into year-end an acceleration in inflation.

NZD/USD: Could the kiwi make a comeback?

The NZD/USD has been falling steadily ever since the RBNZ delivered its last policy statement at the start of this month. The New Zealand central […]

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February 22, 2017 04:27 AM

Has NZD/USD topped out?

The NZD/USD failed to maintain its early gains and turned sharply lower on Thursday. The sell-off came despite news that inflation in New Zealand had […]

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January 27, 2017 04:52 AM

NZD/USD about to breakdown?

The New Zealand dollar has so far been able to hold its own relatively well against the dollar despite the latter breaking to new multi-year […]

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December 16, 2016 11:54 PM

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AUD/NZD about to stage a rally?

The AUD/NZD could be about to turn decisively higher. Last night’s RBA policy statement was as neutral as it could get. More to the point, […]

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December 7, 2016 05:42 AM

US inflation could revive King Dollar

It has been a “Super Tuesday” for CPI inflation data. Two down, one to go: New Zealand and Britain both delivered stronger-than-expected inflation figures and […]

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October 18, 2016 11:37 PM

NZD/USD looks set for a deeper pullback

The New Zealand dollar’s recent advance has come to a halt recently after the Reserve Bank of New Zealand suggested that interest rates may need […]

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September 28, 2016 11:19 PM

NZDUSD: how much more kiwi appreciation can RBNZ tolerate?

With the focus being almost entirely on the issue of Brexit and the pound this week – perhaps rightly so – traders should not lose […]

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June 22, 2016 04:02 AM

NZD/USD: One to watch ahead of key NZ, US data

Although the Federal Reserve is still the only major central bank looking to increase interest rates, the persistently soft US data of late means a […]

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May 13, 2016 04:22 AM

NZD/USD clears major resistance zone

A surprise rate cut from the RBNZ a couple of weeks ago was enough to send the New Zealand dollar tumbling by a couple of […]

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March 31, 2016 04:46 AM