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Apr 13 - 10:55 PM

NZD/USD - Struggles To Rally; RBNZ Rate Expectations Reassessed

By Krishna K  —  Apr 13 - 08:55 PM
  • NZD/USD struggles to recover after sharp 2% fall from 0.6902 Wednesday peak

  • Pricing of peak OCR reassessed after RBNZ leaves forward guidance unchanged

  • New Zealand house prices fall as interest rates, inflation weighnP8N2VA00U

  • Will obviate the need for a more aggressive RBNZ tightening stance

  • Support 0.6780-85, 0.6750-55, resistance 0.6810, 0.6825-30, 0.6845-50

  • For more click on FXBUZ


New Zealand and Canada cenbanks poised to go large: Click here

Source:
Refinitiv IFR Research/Market Commentary

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