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Mar 27 - 08:55 PM

NZD/USD - Hovers Near 4-Mth Low On Dovish Orr, Hawkish Waller

By Krishna K  —  Mar 27 - 06:50 PM
  • NZD/USD offered in early Asia on increasingly dovish RBNZ rate expectations

  • RBNZ governor Orr says conditions to allow cut becoming more apparent

  • Says core inflation pressures easing, inflation expectations back on target

  • Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data

  • Soft NZ economic data, U.S. economic outperformance undermine NZD

  • NZ cuts FY 2024 GDP expectations to 0.1%, down from 1.5% forecast previously

  • New Zealand consumer confidence falls as recession news hit - survey

  • February U.S. PCE price index data and Powell speech Fri key for direction

  • Break of 0.5986 Mon low opens 0.5940-50, resistance 0.6030, 0.6050

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary
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