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Nov 23 - 09:55 PM

NZD/USD - Whippy Reaction To RBNZ 25 BP Hike To 0.75%

By John Noonan  —  Nov 23 - 08:14 PM
  • NZD/USD fell from 0.6945 to 0.6915 on first reaction to RBNZ 25 BP hike nS9N2QH01E

  • RBNZ OCR track raised from previous projections - sees OCR at 2.14% in Dec 2022 up from 1.62% previousnAZN01ULRN

  • NZD/USD settling around 0.6940 - down only slightly from where it was before

  • NZD/USD initially eased despite hawkish projections, as market allowed for possibility of a 50 BP hike

  • Support is at double-bottom at 0.6860 made in September

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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