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Aug 06 - 08:36 PM
NZD/USD - Focus On RBNZ Decision Today
First appeared on eFXplus on Aug 06 - 06:40 PM
  • NZD/USD opens slightly lower ahead of RBNZ decision at 02:00 GMT
  • Market expects a 25 BP cut to 1.25% despite strong NZ jobs data nL4N2515LM
  • RBNZ OCR projections key focus along with Orr presser after decision
  • Market expects OCR forecasts to indicate more easing towards 1.0%
  • If RBNZ cuts, but OCR forecast is neutral, NZD/USD likely to rally
  • Support at 0.6480/90 while resistance at 10-day MA at 0.6578

nzd/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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