By Krishna K — May 22 - 01:20 AM
NZD/USD up 0.45% heading into Europe but off day high of 0.6152
Likely to remain bid on dips as RBNZ signals higher-for-longer on rates
RBNZ holds rates at 5.5% but increases OCR path, raises annual CPI forecast
Sees rates peaking at 5.7% end 2024, compared with 5.6% three months ago
Governor Orr confirms that MPC had real consideration on raising rates Wed
NZ yields rise, AUD/NZD down 0.4%; Asia NZD range 0.6093-0.6152
NZD/USD resistance 0.6170, 61.8% Fibo of Dec-Apr drop; support 0.6090-0.6100
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary