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The NZD is the strongest and the USD is the weakest as the North American session begins

The NZD is the strongest and the USD is the weakest as the North American session begins. The NZD benefitted from a surprise trade surplus of 427M vs -1310M deficit expected. Next week, the expectations are for a 25 basis point hike to 5.5%. 21 of 25 analysts polled expect the RBNZ to raise its official cash rate by 25 bps to 5.50% at its May 24 meetingremaining 4 expect no changeThe largest banks in the country - ANZ, ASB, Bank of New Zealand, Kiwi Bank and Westpac - expect a 25 bps hike14 of 2... Read More

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Posted: May 19 2023, 12:14

Author Name: forexlive

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