New Zealand Dollar Rises as Markets Expect RBNZ Rate Hike
The New Zealand dollar strengthened against major currencies in Asian trading amid growing expectations of an RBNZ rate hike at upcoming policy meetings. Markets price in an 85% chance of a hike.
CANBERA (dpa-AFX) - The New Zealand dollar strengthened against other major currencies in the Asian session on Friday, amid growing expectations of a Reserve Bank of New Zealand (RBNZ) rate hike in the upcoming monetary policy meetings.Markets currently price in an 85% chance that the RBNZ will inc…