Hawkish RBNZ Cut Lifts Kiwi Dollar Prospects – ING

Collinson FX: May 28: Markets soften following EU Tariff softening

Markets were softer overnight, after posting big gains in the previous session, due to the delay in EU sanctions. The RBNZ acting in line with expectations and cut rates a further 25 basis points, in an attempt to stimulate the faltering economy.

RBNZ says it may be finished cutting rates

The Reserve Bank says it isn’t biased towards lowering the Official Cash Rate further after cutting it to 3.25% in a 5-1 vote on Wednesday

Hawkish RBNZ cut lifts Kiwi dollar prospects – ING

The post Hawkish RBNZ cut lifts Kiwi dollar prospects – ING appeared on BitcoinEthereumNews.com. The Reserve Bank of New Zealand cut rates by 25bp to 3.25% as widely expected this morning, although the overall message was more hawkish than expected, ING’s FX analyst Francesco Pesole notes. NZD/USD to move back above 0.600 in the coming weeks “First, the vote split, 5-1 in favour of a cut, while baseline market expectations were likely a unanimou…

NZD: Hawkish RBNZ cut lifts Kiwi dollar prospects – ING

The Reserve Bank of New Zealand cut rates by 25bp to 3.25% as widely expected this morning, although the overall message was more hawkish than expected, ING's FX analyst Francesco Pesole notes.

NZD/USD remains on positive terrain above 0.5950 after the RBNZ cut the 3.25% rate - World Stock Market

The NZD/USD is strengthened to about 0.5965 in the Asian session on Wednesday, rising 0.20% in the day. The RBNZ cut its OCR at 25 PB to 3.25% from 3.5% at its May meeting. The US CB confidence index rose to 98.0 in May compared to 86.0 previous. The NZD/USD gains land to around 0.5965 during Wednesday’s Asian negotiation hours. The New Zealand dollar (NZD) can be seen against the US dollar (USD) after the decision of interest rates of the New Z…