Category: RBNZ
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NZD: RBNZ Deputy Governor Christian Hawkesby will speak about financial stability Tuesday
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
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The Reserve Bank of New Zealand (RBNZ) has cut its official cash rate (OCR) by 50 basis points to 4.75%, marking a major shift in its monetary policy stance. The move, while widely expected by markets (as discussed in our events guide), underscores the central bank’s growing concerns about economic…
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Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…
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NZDUSD continues lower today. RBNZ 50 BP cut expected next week.
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The Reserve Bank of New Zealand will meet next week and the expectation is for a 50 basis point cut (they will meet on Wednesday in New Zealand). Today, the price fell below a swing zone between 0.6167 and 0.61796. That area will now be nearby resistance. On the downside,…
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More on BNZ forecasting a 50bp interest rate cut next week from the RBNZ
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BNZ sums up its reasons: QSBO is just awful Consumer Price Index heads below 2.0% Soft labor market to subjugate non-tradable goods Price settings should move quickly towards neutrality A 50 basis point cut is warranted at the October meeting “In our view, we believe that the reflationary information we…
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BofA is bullish on EUR/NZD amid RBNZ cut By Investing.com
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Bank of America (BofA) reported a growing consensus against the US dollar, with significant selling last week. Investors in both the US and Europe have been net short on the dollar over the year. Demand for US dollar put options has been on the rise. Bank of America highlighted a…
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BofA is bullish on EUR/NZD amid RBNZ cut By Investing.com
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Bank of America (BofA) reported a growing consensus against the US dollar, with significant selling last week. Investors in both the US and Europe have been net short on the dollar over the year. Demand for US dollar put options has been on the rise. Bank of America highlighted a…
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RBNZ expected to cut cash rate by at least another 50 bps before year-end – poll
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23 out of 25 economists expect interest rates to be cut by 25 basis points next October Of the remaining two banks, one expects a 50 basis point rate cut and the other expects no change. 23 out of 25 economists expect the Reserve Bank of New Zealand to cut…
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NZDUSD Technical Analysis – A more dovish RBNZ weighs on the Kiwi
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Basic Overview Yesterday, the US PPI report came in below expectations by a wide margin, leading to a sell-off in the US dollar as the market began to prepare for a potentially weak US CPI release today. This led to a major breakout in the NZD/USD pair, which was short-lived…
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RBNZ Surprised With A 25bps Rate Cut As A “Reasonable First Step” Amidst Cooler Inflation And Slower Growth
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The New Zealand Dollar fell sharply earlier today, and no, it’s not because your trading platform suffered from a “Massive DDoS attack.“ A few hours ago, the Reserve Bank of New Zealand surprised the markets with Official interest rate cut by 25 basis points to 5.25% While many market participants…
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Newsquawk Week Ahead: US CPI & Retail Sales; UK CPI & Jobs data; Aussie jobs and RBNZ
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12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement,…
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NZD traders – Westpac forecasts the RBNZ to cut by 25bps in October and November 2024
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Reserve Bank of New Zealand forecast from Westpac Bank in New Zealand. Westpac revises RBNZ rate cut forecast, now sees easing in October, November Westpac now expects the Reserve Bank of New Zealand to cut the official cash rate by 25 basis points to 5.25% in October. The official interest…
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New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets By Investing.com
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New Zealand’s consumer price inflation rate fell more than expected in the second quarter, boosting bets that the economy is slowing at a pace that could prompt an interest rate cut by the Reserve Bank. China’s gross domestic product grew 3.3% year-on-year in the three months to June 30, government…
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NZDUSD Technical Analysis – The RBNZ weighed on the Kiwi
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Basic Overview The US dollar fell broadly last week after another weak US CPI report and positive jobless claims numbers. The market has not only priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we had…
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UBS revises NZD/USD forecast, expects RBNZ rate cut in August By Investing.com
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UBS has updated its forecast for the New Zealand dollar (NZD), expecting a weaker-than-expected performance against its G10 peers, including the US dollar. The adjustment follows a previous warning on May 30 that the pair was on thin ice due to a mismatch between net long positions and growth expectations.…
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RBNZ Announced “Dovish Hold” in Highlighting Weaker Domestic Inflation
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The Reserve Bank of New Zealand left interest rates unchanged at 5.50% for the eighth straight month in July, as expected. Their official statement indicated that their restrictive monetary policy had succeeded in reducing price pressures enough to allow the committee to forecast a return to its annual inflation target…
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BNZ forecast a November rate cut from the RBNZ (previously February)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…
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ForexLive Asia-Pacific FX news wrap: RBNZ leans more dovish, NZD drops
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The two most interesting items during the session here were inflation data from China and the Reserve Bank of New Zealand’s July monetary policy review. The Reserve Bank of New Zealand dropped a dovish bombshell. I explained it at the time (see points above): *** From the Reserve Bank of…
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New Zealand rate pricing implies 25bp rate cut for October vs. 16 before RBNZ ststament
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…