New Zealand Dollar forecasts held at international financial services provider and investment bank Wells Fargo are pointed lower, despite them expecting an aggressive series of interest rate hikes being lined up by New Zealand's central bank for 2022.
August 19,2021
The New Zealand Dollar slumped to new 2021 lows on Wednesday after the Reserve Bank of New Zealand left its cash rate unchanged for August, although losses were quick to reverse, potentially due to the RBNZ also indicating that a rate rise has merely been delayed rather than being derailed altogether.
August 18,2021
The New Zealand Dollar was jolted by a shock announcement by the country's Prime Minister that a three day snap lockdown would be enforced from midnight Tuesday in response to a single Covid-19 case, a move that will mean the RBNZ is likely to leave interest rates unchanged at its mid-week decision.
August 17,2021
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
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