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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.

August 16, 2022 11:43 PM

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.

May 24, 2022 11:13 PM

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.

May 24, 2022 03:02 AM

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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.

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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.

February 23, 2022 12:07 AM

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.

January 24, 2022 07:37 PM

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.

December 14, 2021 10:57 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.

November 23, 2021 08:57 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.

November 22, 2021 10:02 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.

November 1, 2021 07:53 PM

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.

October 20, 2021 12:04 AM

NZDUSD outperforms ahead of Q3 inflation data

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

October 14, 2021 10:04 PM

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.

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April 16, 2019 05:24 PM

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.

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April 11, 2019 09:23 AM

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.

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March 26, 2019 05:57 PM

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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.

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March 20, 2019 06:10 AM

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.

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February 15, 2019 09:30 AM

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.

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February 13, 2019 01:53 AM

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.