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Kiwi Tumbles as RBNZ Stands Pat; Dollar Flat as Fed Mulls Taper
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Snap Lockdown Puts RBNZ Hike into Question, NZD/USD Drops to Three-Week Low
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New Zealand Dollar Forecast: NZD/USD Shoots Higher on Hawkish RBNZ, LSAP Termination
2021-07-14 02:30:00
Thomas Westwater,
Analyst
Reserve Bank of New Zealand, NZD/USD, Monetary Policy, LSAP – Talking Points
RBNZ holds Overnight Cash Rate steady at 0.25%, as expected
Large Scale Asset Purchases (LSAP) to be halted this month
NZD/USD climbs over technical barriers as price climbs over 1%
The Reserve Bank of New Zealand (RBNZ) held its Overnight Cash Rate (OCR) steady at 0.25 percent, as widely expected. However, the central bank moved to halt its Large Scale Asset Purchases (LSAP) by July 23. The end of its quantitative easing program marks a major turning point in reducing stimulus to the economy.
Australian Dollar Outlook: Westpac Data May Underpin AUD/USD as Jobs Report Nears
2021-07-13 23:00:00
Thomas Westwater,
Analyst
Australian Dollar, AUD/USD, RBNZ, Australia Lockdowns - Talking Points
Asia-Pacific markets may see weak start after Wall Street losses
RBNZ and Australian consumer confidence on tap for today
AUD/USD approaches yearly low after overnight weakness
Wednesday’s Asia-Pacific Outlook
Asia Pacific markets look set to open lower after major equity indexes on Wall Street fell. A hotter-than-expected US inflation print reignited concerns over premature central bank tightening. That pushed the US Dollar and Treasury yields higher, which added to downward pressure on the risk-sensitive New Zealand Dollar and Australian Dollar.
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