- Analytics
- News and Tools
- Market News
- NZD/USD: RBNZ hike may help the kiwi – ING
NZD/USD: RBNZ hike may help the kiwi – ING
FXStreet reports that the RBNZ is widely expected to hike rates at its October 6 meeting, and economists at ING believe this outcome would boost the kiwi.
“Since leaving rates on hold at the August meeting, comments by RBNZ officials have strongly suggested we’ll see a 25bp rate hike this week. In August, a lockdown announcement in New Zealand kept policymakers from pulling the trigger on tightening, now there appears to be no more ‘excuses’ to delay the first hike.”
“Markets are currently pricing in around 80% probability of a hike, and if the RBNZ delivers as we expect, we could see some moderate support for NZD.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
