The New Zealand Dollar climbed against all other major currencies in the mid-week session after the Reserve Bank of New Zealand (RBNZ) reiterated a hawkish outlook for its cash rate, stemming a month of underperformance by the Kiwi but drawing mixed responses from analysts and economists.
February 22,2023
The New Zealand Dollar edged higher against a range of major currencies in mid-week trade after the Reserve Bank of New Zealand (RBNZ) said its latest analysis suggests that interest rates still need to rise in line with the forecasts and assumptions set out back in November.
February 22,2023
Commonwealth Bank of Australia analysis suggests settlement of the insurance bill for February's natural disasters could be marginally supportive of the Kiwi up ahead.
February 22,2023
The Pound to New Zealand Dollar exchange rate entered the new week within a short distance of 2023 highs but would risk falling near to the round number of 1.90 if the Reserve Bank of New Zealand (RBNZ) stays the hawkish interest rate course set out in November's forecasts.
February 21,2023
The New Zealand Dollar lagged behind many other major currencies this week and its prospects are currently obscured by exceptionally high uncertainty over the outlook for the Reserve Bank of New Zealand (RBNZ) cash rate owing to recent inflation developments and natural disasters in the country.
February 17,2023
Recession looms for the New Zealand economy but the China-focussed and risk-sensitive New Zealand Dollar can still appreciate from current levels, according to economists at ANZ.
February 16,2023
The Pound to New Zealand Dollar exchange rate entered the new week on the back foot but would potentially have scope to approach one-month highs up ahead if official figures show UK wages closing the gap between pay growth and a falling annual inflation rate.
February 14,2023
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