USD Strength Pressures NZD/USD as RBNZ Meeting Approaches
The NZD/USD pair is currently trading around 0.5879 amid rising US dollar strength. The market braces for the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Analysts predict a significant rate cut, with a baseline expectation of a 50-basis-point reduction. There is also a 25% chance of an aggressive 75-basis-point cut. Market participants are awaiting the outcome of this meeting keenly as it can have substantial implications for the NZD. Investors should prepare for volatility as the RBNZ decision approaches.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]