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Source: Action Forex News Agency
3 weeks ago
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RBNZ Hike Is Priced In. Can the OCR Track Push NZD/USD Through 0.60?

RBNZ Hike Is Priced In. Can the OCR Track Push NZD/USD Through 0.60?

TL;DR: The RBNZ's Wednesday 25bp hike to 2.75% is already priced in, so NZD/USD's real reaction will hinge on the accompanying rate forecast — ASB expects the OCR to keep climbing to 3.25%, while Westpac sees that same outcome as only a 10-15% probability tail case.

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Source: Action Forex
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