NZD: Upcoming Labour Data to Validate RBNZ Hiking Path – ING
ING's Francesco Pesole expects New Zealand's Q2 employment figures to align with RBNZ projections, reinforcing the case for one to two rate hikes in the third quarter.
NZDUSD
ING analyst Francesco Pesole views the upcoming Q2 labour market report as key for the Reserve Bank of New Zealand’s policy outlook. He forecasts the data will broadly match the central bank’s May projections, which had pencilled in one to two rate hikes in Q3.
Pesole sees a growing probability of a move in September or October, noting that data in line with expectations would support that timeline. The New Zealand dollar could benefit if the jobs report keeps the RBNZ on track for further tightening.
Source: FXStreet Forex News