Today
-0.08%
5 Days
-1.38%
1 Month
-0.80%
6 Months
-4.44%
Year to Date
-2.36%
1 Year
-2.79%
Opening Price
0.562Previous Closing Price
0.562
In spite of the current correction, a rebound near 0.5664 is expected as long as 0.5600 is still intact
below 0.5600, expect 0.5586 and 0.5577.
In spite of the current correction, a rebound near 0.5664 is expected as long as 0.5600 is still intact
Both central banks behind NZD/USD left their rates alone on Wednesday, and the Reserve Bank of New Zealand (RBNZ) kept 2.75% with a hike priced near 90%. NZD/USD fell below 0.5600 on the RBNZ's decision, the first time under that level since October 15.
NZD/USD falls sharply on Wednesday, losing 0.98% on the day to trade around 0.5625 at the time of writing. The New Zealand Dollar (NZD) faces significant selling pressure after the Reserve Bank of New Zealand (RBNZ) unexpectedly left its benchmark interest rate unchanged.
Standard Chartered’s Bader Al Sarraf and Nicholas Chia note that the RBNZ unexpectedly held its OCR at 2.75% in a narrow 4-3 vote, weighing on the New Zealand dollar despite signals that further tightening remains likely.
UOB’s Lee Sue Ann notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.75% in a narrow 4-3 decision, but maintained a clear tightening bias.
The US Dollar (USD) capitalized on an unexpected monetary policy pause by the Reserve Bank of New Zealand (RBNZ), which held its Official Cash Rate (OCR) at 2.75% in a narrow 4–3 vote despite widespread market expectations for a 25-basis-points (bps) rate hike.
The New Zealand Dollar (NZD) sells off across the board on Wednesday and dives more than 1.3% against the US Dollar (USD) following the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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