One of the main events for the foreign exchange market in the coming week is the Reserve Bank of New Zealand's policy update where it is expected an interest rate will be delivered, although rising Covid cases in China and Australia could give the central bank reason for caution.
August 16,2021
The Pound-to-New Zealand Dollar rate faces at least a corrective setback of around 200 points from Friday’s market if the RBNZ begins to raise its interest rate next week in a policy decision that could also be likely to severely stress the 1.04 support level in AUD/NZD.
August 13,2021
The New Zealand Dollar was an outperformer in the mid-week session but the key to the Kiwi currency outlook is likely in the detail of Thursday’s inflation expectations survey from the Reserve Bank of New Zealand (RBNZ) and the bank’s guidance next week about future interest rate decisions.
August 11,2021
We are deep into the third quarter of 2021, yet the Reserve Bank of New Zealand is being tipped to deliver up to two interest rate hikes before the year is done.
August 10,2021
The Pound-to-New Zealand Dollar exchange rate has reversed course from one-year highs thus far in the new month but was looking to stabilise ahead of Thursday’s Bank of England (BoE) monetary policy decision, a likely key determinant of whether GBP/NZD can avert a slide below 1.96.
August 4,2021
The New Zealand Dollar rose against the majority of global currencies and investors increased their bets for a Reserve Bank of New Zealand interest rate rise in the near future amidst further measures by authorities to constrain housing activity.
August 3,2021
The Pound-to-New Zealand Dollar exchange rate could be on the cusp of sustaining a move above the nearby two-for-one level and may be aided in this endeavour by risks to now-lofty expectations of the Reserve Bank of New Zealand.
July 29,2021
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