The New Zealand Dollar put some notable gains on the Pound, U.S. Dollar, Euro and other major currencies midweek after the Reserve Bank of New Zealand (RBNZ) raised interest rates by 50 basis points.
April 5,2023
The Pound to New Zealand Dollar exchange rate has rallied strongly over recent weeks but will risk being stopped in its tracks this week if BofA Global Research economists are on the money with their forecast for Wednesday's Reserve Bank of New Zealand (RBNZ) interest rate decision.
April 4,2023
The New Zealand Dollar is set to take the limelight midweek when the RBNZ is expected to raise interest rates by a further 25 basis points as it continues its fight against elevated domestic inflation levels.
April 3,2023
The New Zealand Dollar climbed broadly ahead of the weekend in a corrective rebound that further crimp an earlier rally in GBP/NZD if the Reserve Bank of New Zealand (RBNZ) keeps its eye on the prize that is the Kiwi inflation target by reiterating its February outlook for the cash rate next week.
March 31,2023
The New Zealand Dollar's weak run could come to an end if the Reserve Bank of New Zealand inspires markets to raise bets that further interest rate hikes over the coming months are likely, something that is probable says BNZ.
April 3,2023
For the RBNZ's upcoming April meeting, the market is pricing in a 91% chance of a hike to 5.0%, but the New Zealand Dollar might not find itself any better supported
March 28,2023
The Pound to New Zealand Dollar exchange rate opened the new week with a rally to fresh five-month highs but would likely be susceptible to any mid-week rebound by the Australian Dollar and might also struggle if a tenative recovery in global markets continues through the coming days.
March 27,2023
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