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Oct 04 - 10:55 PM

NZD/USD - Moves Higher After RBNZ Hikes 50 BPs And Remains Hawkish

By John Noonan  —  Oct 04 - 09:15 PM
  • RBNZ hiked cash rate 50 BPs to 3.50% and indicated a resolve to do more nAZN0LZ52X

  • Statement and minutes hawkish as RBNZ considered hiking 75 BPs today nS9N2UZ01Y

  • RBNZ relatively upbeat on economy and their focus in on capping inflation

  • NZD/USD is above 0.5770 - up from 0.5730/35 before the decision

  • Resistance is at the 21-day MA at 0.6865 and break would end downtrend

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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