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Aug 31 - 08:55 PM

NZD/USD - Holds Gains As RBNZ Rate Hike Expectations Rise

By Krishna K  —  Aug 31 - 07:17 PM
  • NZD/USD opens 0.7% higher on expectations RBNZ will lift interest rates Oct6

  • Markets imply 92% chance of Oct rate rise, good chance of another in Nov

  • NZ COVID-19 cases drop for 2nd day Tues, further boosting rate hike chances

  • Diverging RBNZ-Fed monetary policy expectations to underpin NZD

  • Focus shifts to U.S. jobs data Fri for further insight into Fed taper timing

  • Resistance 0.7060-65, 0.7085-90, 0.7110-15, support 0.7020-25, 0.6990-95

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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