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Kiwi the laggard as RBNZ hints at end to rate hikes

In case you missed the earlier headlines, you can check out the previous session wrap by Eamonn here:ForexLive Asia-Pacific FX news wrap: RBNZ hikes cash rate, signal the rate has peakedThat is putting a major drag on the kiwi after the RBNZ hinted at the end of its tightening cycle, reaffirming that rates have reached restrictive territory and will stay there.NZD/USD is down over 1% on the day near the lows around 0.6170 as price looks poised for a test of its 200-day moving average next:The pa... Read More

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Posted: May 24 2023, 04:30

Author Name: forexlive

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