FX News

NZD/USD Transfer

The RBNZ left rates unchanged, as expected by markets, this week gone by. The previous CPI inflation reading from NZ, was softer than expected, and this has led to a more ‘dovish’ approach to monetary policy. The NZD tumbled against all currencies, with the prospect of further weakness, as the Fed continues the ‘higher for longer’ mantra.

Current Level: 0.6162
Support: 0.6100
Resistance: 0.6190
Last week’s range: 0.6055- 0.6120


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