New Zealand Dollar Rises Amid RBNZ Rate Hike Expectations
The New Zealand dollar strengthened against major currencies in Asian trading on Friday. Markets priced in an 85% chance of an RBNZ rate hike in upcoming policy meetings.
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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.
Australia, NZ dollars near multi-month lows as RBA hike seen likely
The Australian dollar was flat near $0.7020 after hitting an eight-week low, while the New Zealand dollar touched a three-month low at $0.5650. Markets expect the Reserve Bank of Australia to raise rates 25 basis points on Tuesday and see an 80% chance the RBNZ hikes on Oct. 28.