Commerzbank: RBNZ Rate Hike Likely in July, Supports NZD
Commerzbank analyst Volkmar Baur expects the Reserve Bank of New Zealand to raise rates at its July meeting to reinforce inflation-fighting credentials, which should initially support the New Zealand Dollar.
NZDUSD
Commerzbank's Volkmar Baur forecasts that the Reserve Bank of New Zealand (RBNZ) will hike interest rates at its July meeting. The move is aimed at bolstering the central bank's inflation-fighting credibility.
According to Baur, this decision should provide initial support for the New Zealand Dollar. However, the longer-term trajectory of rate hikes remains uncertain, with questions surrounding the RBNZ's tightening path beyond July.
Source: FXStreet Forex News