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Nov 11 - 09:55 PM

NZD/USD - Pushes Above 0.6900 After Hawkesby Interview

By John Noonan  —  Nov 11 - 09:10 PM
  • NZD/USD traded as high as 0.6915 to build on yesterday's strong gains

  • Move up today came after an interview with RBNZ Assistant Governor Hawkesby

  • He reiterated RBNZ more optimistic on economy than they were in August

  • Hawkeby also said that significant stimulus was still needed nL1N2HY02C

  • Bloomberg report said Hawkesby said negative rates less likely if banks use new program

  • Market sentiment shifting towards RBNZ not having to resort to negative OCR

  • NZD?USD resistance and objective of current move at Dec 2018 high at 0.6969

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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