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Aug 17 - 02:55 AM

NZD/USD - Gains Muted Despite Hawkish RBNZ

By Krishna K  —  Aug 17 - 01:20 AM
  • NZD/USD fails to benefit from RBNZ's 0.5% rate hike and hawkish guidance

  • Rises a modest 0.2% despite c.bank lifting its projection for peak in rates

  • RBNZ sees rates at 4.0% early next year versus previous projection of 3.7%

  • Warns it would have to bring forward future tightening nL1N2ZT04C

  • NZD fails to sustain gains as focus turns to Fed July meeting minutes

  • Minutes expected to have hawkish tilt, may show Fed considered 100 bps hike

  • Support 0.6320-30, 0.6285-90, resistance 0.6375-80, 0.6400-05

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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