The post NZD/USD Price Forecast: Recovery extends, but overhead SMAs cap upside appeared on BitcoinEthereumNews.com.
NZD/USD remains on the front foot on Friday and is heading for a second consecutive weekly gain after the Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate (OCR) by 25 basis points (bps) on Wednesday and signaled that further policy tightening may be needed, boosting the New Zealand Dollar (NZD). At the time of writing, the pair is trading around 0.5771 after hitting an intraday high of 0.5794, its highest level since June 18. From a technical perspective, NZD/USD has been recovering after bottoming at 0.5626 in late June, its lowest level since November 2025. The latest leg higher pushed NZD/USD above the 21-day Simple Moving Average (SMA) at 0.5717, reinforcing the bullish near-term outlook. Momentum has also improved, with the Relative Strength Index (RSI) climbing above the neutral 50 threshold after recovering from near-oversold territory. Meanwhile,
The post New Zealand Dollar: Constructive outlook faces yield constraints – OCBC appeared on BitcoinEthereumNews.com.
OCBC strategists Christopher Wong and Sim Moh Siong note that the New Zealand Dollar (NZD) outperformed after stronger manufacturing data and hawkish Reserve Bank of New Zealand (RBNZ) commentary reinforced expectations for further tightening. They remain constructive on NZD but highlights that upside from yield support may be constrained near term. Markets are pricing the RBNZ as the most hawkish G10 central bank, with around 80bp of additional tightening by mid-2027. NZD strength meets yield headwinds “NZD outperformed after stronger-than-expected manufacturing data and hawkish RBNZ commentary strengthened expectations for further policy tightening. New Zealand’s manufacturing PMI rose to 59.7 in June, its highest level since July 2021.” “We remain constructive on NZD. However, the scope for NZ yields to move materially higher in the near term may be limited until the
The post New Zealand Dollar eases from three-week highs near 0.5800 as the US Dollar bounces up appeared on BitcoinEthereumNews.com.
The New Zealand Dollar (NZD) is giving away gains against the US Dollar (USD) on Friday, trading at the 0.5775 area after hitting fresh three-week highs at 0.5794 earlier on the day. The pair, however, is on track for a 1% weekly appreciation, boosted by a hawkish hike by the Reserve Bank of New Zealand (RBNZ) earlier this week. The US Dollar trims losses in a calm Friday European trading session as investors ponder rumours about diplomatic efforts by mediators to bring the US and Iran back to the negotiating table. Rival countries halted their hostilities on Friday after a series of tit-for-tat attacks earlier on the week, although the key Strait of Hormuz remains practically closed, which is keeping investors’ appetite for risk subdued. Earlier on the week, the RBNZ hiked its Official Cash Rate (OCR) by 25 basis points to 2.5% and hinted at further mone
The post NZD/USD Price Forecast: Gathers strength above 0.5750, but remains below key technical resistance appeared on BitcoinEthereumNews.com.
The NZD/USD pair trades in positive territory around 0.5775 during the early European session on Friday. The New Zealand Dollar (NZD) gathers strength to its strongest level in three weeks against the US Dollar (USD) on a hawkish rate hike from the Reserve Bank of New Zealand (RBNZ). On Wednesday, the RBNZ raised the key interest rate by 25 basis points (bps) to 2.50% and signaled the potential for more hikes this year. RBNZ govorner Anna Breman said that the geopolitical environment is still highly uncertain, but the domestic economy has shown a lot of resilience in the past few months despite the fuel shock. Traders are fully pricing two additional, quarter-point rate hikes from the New Zealand central bank through December, according to Bloomberg. That’s up from pricing a 36% chance the day before RBNZ’s meeting, the data showed. Technical A
The post New Zealand Dollar extends three-day rally vs USD on hawkish RBNZ appeared on BitcoinEthereumNews.com.
The NZD/USD pair gains strong follow-through positive traction for the third straight day and rallies to an over three-week top during the Asian session on Friday. Spot prices currently trade around the 0.5775-0.5780 region, up nearly 0.40% for the day, and remain on track to register strong gains for the second week in a row amid a combination of supporting factors. The New Zealand Dollar (NZD) continues to be underpinned by the Reserve Bank of New Zealand’s (RBNZ) hawkish outlook, which, along with a broadly weaker US Dollar (USD), acts as a tailwind for the NZD/USD pair. As was widely expected, the RBNZ raised the Official Cash Rate (OCR) by 25 basis points (bps) to 2.50% following the conclusion of the June monetary policy meeting on Wednesday. The central bank also indicated that some further reduction in monetary stimulus is likely to be required to curb inflationary pr
The post New Zealand Dollar jumps to a three-week high after hawkish RBNZ rate hike appeared on BitcoinEthereumNews.com.
NZD/USD jumps 1% on Thursday, extending gains for a second consecutive day after the Reserve Bank of New Zealand (RBNZ) delivered a hawkish rate hike on Wednesday, while a softer US Dollar (USD) provides additional support. At the time of writing, the pair is trading around 0.5761, its highest level since June 19. The RBNZ raised the Official Cash Rate (OCR) by 25 basis points to 2.50%. In its monetary policy statement, the central bank said, “With inflation still above target and economic activity expected to strengthen, some further reduction in monetary stimulus is likely to be required to return inflation to the 2% target mid-point.” Brown Brothers Harriman (BBH) noted, “The RBNZ has room to normalize the OCR to more neutral levels, which is NZD supportive. The RBNZ’s estimated neutral range is between 2.2% and 4.1%. The swaps curve implies nearly 100 basis point
The post New Zealand Dollar: Rate support constrained by Oil drag – OCBC appeared on BitcoinEthereumNews.com.
Christopher Wong highlights that the New Zealand Dollar (NZD) has strengthened after a hawkish Reserve Bank of New Zealand (RBNZ) rate hike, but higher Oil prices are capping gains. With the RBNZ starting a tightening cycle and growth expected to rebound in 2H26, Wong sees AUD/NZD nearing a peak, though a sustained decline needs stronger New Zealand growth and a more favourable energy backdrop. Hawkish RBNZ meets energy headwinds “The NZD strengthened after a hawkish RBNZ rate hike, though gains were capped by renewed terms-of-trade headwinds from higher oil prices. The RBNZ raised the Official Cash Rate by 25bps to 2.50%, delivering its first hike since May 2023. Forward guidance was hawkish but data-dependent, with the central bank noting that further rate increases may be needed to return inflation to target.” “Domestic data point to a rebound in GDP growth in 2H26 as the dr
The post New Zealand Dollar extends rebound after RBNZ hike appeared on BitcoinEthereumNews.com.
NZD/USD advances on Thursday and trades around 0.5730 at the time of writing, up 0.56% on the day. The New Zealand Dollar (NZD) continues to strengthen after the Reserve Bank of New Zealand (RBNZ) delivered a more hawkish-than-expected monetary policy decision, providing ongoing support to the currency. As widely expected, the RBNZ raised its Official Cash Rate by 25 basis points to 2.5% at its July meeting. More importantly, the central bank indicated that further withdrawal of monetary stimulus may be needed to ensure inflation returns sustainably to target. According to the RBNZ’s projections, inflation is expected to peak at 3.9% in the second quarter before gradually easing back toward the 2% midpoint of the target range by mid-2027. DBS noted that the unanimous vote in favor of the rate hike marks a notable shift from May’s split decision and reflects the central bank’s renewed commit
The post New Zealand Dollar: Firm as RBNZ signals more tightening – DBS appeared on BitcoinEthereumNews.com.
Philip Wee from DBS Group Research reports NZD/USD is holding firm above 0.57 after the Reserve Bank of New Zealand unanimously voted to lift the Official Cash Rate by 25 bps to 2.50%, a shift from May’s split decision. The RBNZ still sees policy as accommodative, signals likely further stimulus reduction, and projects inflation easing back toward its 2% midpoint by mid-2027. Kiwi supported by hawkish RBNZ “NZD/USD is firm above 0.57 after the Reserve Bank of New Zealand countered doubts regarding its inflation-fighting resolve.” “The vote to lift the official 25 bps hike to 2.50% was unanimous, which marked a clear departure from May’s 3-3 split to hold rates.” “With the OCR level remaining accommodative, the committee signalled that ‘further reduction in monetary stimulus is likely’.” “RBNZ projected that inflation will peak at 3.9% in 2Q26, slow to 3.3% in 3Q26, before declin
The post New Zealand Dollar advances above 0.5700 on RBNZ hawkish stance appeared on BitcoinEthereumNews.com.
The NZD/USD pair gains momentum to around 0.5735 during the early European session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on a hawkish interest rate hike from the Reserve Bank of New Zealand (RBNZ). The US weekly Initial Jobless Claims report will be published later on Thursday. As widely expected, the RBNZ raised its Official Cash Rate (OCR) by 25 basis points (bps) to 2.50% from 2.25% at its July meeting on Wednesday. The central bank signalled that additional tightening may be needed, as policymakers sought to ensure inflation returns to target despite easing energy prices and an economy that is only gradually regaining momentum. However, softer Chinese inflation data might cap the upside for the China-proxy Kiwi. Data released by the National Bureau of Statistics of China on Thursday showed that the Consumer Price Index (CPI) climb
The post New Zealand Dollar holds ground despite softer China’s CPI data appeared on BitcoinEthereumNews.com.
NZD/USD extends its gains for the second successive day, trading around 0.5720 during the Asian hours on Thursday. The pair holds gains as the New Zealand Dollar (NZD) remains stronger following the Consumer Price Index (CPI) inflation data release from New Zealand’s close trading partner, China. The National Bureau of Statistics (NBS) of China reported that inflation came in at 1.0% year-over-year (YoY) in June, against the 1.2% in May. The market consensus was for 1.1% in the reported period. CPI inflation arrived at -0.3% MoM in June versus a decline of 0.1% prior, softer than the expectation of a 0.2% fall. The NZD/USD pair appreciates as the US Dollar (USD) continues to lose ground following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or b
The post New Zealand Dollar: RBNZ tightening supports upside – ABN AMRO appeared on BitcoinEthereumNews.com.
ABN AMRO’s Georgette Boele reports that the Reserve Bank of New Zealand lifted its policy rate by 25 bp to 2.5% and signalled more tightening is likely. Despite some easing in energy prices, the bank sees persistent inflation pressures and scope for further reduction in stimulus. With markets pricing additional hikes, ABN AMRO expects modest upside for the New Zealand Dollar versus the US Dollar. RBNZ hikes and signals further tightening “This week, the Reserve Bank of New Zealand raised its policy rate by 25bp to 2.5%.” “It also said that, with inflation still above target and economic activity expected to strengthen, further reduction in monetary stimulus is likely to be needed to bring inflation back to the 2% target midpoint.” “Future OCR decisions will depend on incoming data, price-setting behaviour and the strength of economic activity, and how these factors affect medium
The post New Zealand Dollar: RBNZ hawkish path supports currency – BBH appeared on BitcoinEthereumNews.com.
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Reserve Bank of New Zealand (RBNZ) delivered a 25 bps hike to 2.50%, largely priced in, triggering an New Zealand Dollar (NZD) rally before gains were trimmed by Middle East tensions. Haddad highlights that the RBNZ sees further Official Cash Rate (OCR) increases as likely, has room to normalize towards a neutral 2.2–4.1% range, and markets price nearly 100 bps of tightening over the next year. Hawkish RBNZ and neutral OCR range “The RBNZ raised the Official Cash rate (OCR) by 25bps to 2.50%, the first hike in three years, and indicated that “further OCR increases appear likely at upcoming meetings.” The RBNZ did not disclose the Committee’s vote split but indicated that the decision to increase the OCR was reached by consensus.” “The RBNZ estimated neutral range is between 2.2% and 4.1%. The swaps curve implies nearly
The post New Zealand Dollar gives away gains amid renewed tensions in the Middle East appeared on BitcoinEthereumNews.com.
The New Zealand Dollar’s (NZD) rally against the US Dollar (USD) has been short-lived, as the pair returned to sub-0.5700 levels during the European session after being rejected at the 0.5725 area earlier in the day. Market concerns about the status of the US-Iran ceasefire have hammered risk appetite, offsetting the positive Kiwi’s reaction to the Reserve Bank of New Zealand’s (RBNZ) hawkish hike. US President Donald Trump affirmed earlier on Wednesday that the ceasefire is no longer in effect, and that, in his opinion, the memorandum of understanding “is over,” although he added that negotiators can “keep talking if they want.” These remarks come after the rival countries exchanged attacks earlier on the day and the US revoked Iran’s authorization to export Crude. The resumption of the hostilities has boosted US Treasury yields, sending the safe-haven US Dollar h
The post New Zealand Dollar: RBNZ hike seen as moderate tightening – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny reports that the New Zealand Dollar strengthened after the RBNZ raised its policy rate by 25 bps to 2.50%, the first increase since May 2023. He notes OIS had largely priced the move and more hikes, but MUFG expects only two additional increases by March 2027. Communication is viewed as consistent with moderate tightening, with fragile domestic conditions limiting follow‑through NZD gains. RBNZ decision and NZD reaction “The only notable move for the US dollar this morning has been weaker versus the New Zealand dollar which was in response to the decision of the RBNZ to raise the key policy rate by 25bps to 2.50%, the first hike since May 2023. The OIS market yesterday had 18bps priced for today and 85bps over the coming twelve months.” “We expected this move, but have only two further hikes priced by March 2027, slightly less than implied by the OIS curv
The post New Zealand Dollar: Hawkish RBNZ but kiwi seen vulnerable – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Volkmar Baur reports the Reserve Bank of New Zealand (RBNZ) lifted the Official Cash Rate (OCR) to 2.5%, with the New Zealand Dollar (NZD) gaining slightly versus US Dollar (USD). RBNZ’s tone was more hawkish than expected, addressing structural inflation risks, and Commerzbank still looks for one more hike. However, they see market pricing of three additional hikes as excessive, expecting kiwi weakness once expectations are pared back. Market overpricing future OCR hikes “As we expected, the Reserve Bank of New Zealand raised the official cash rate (OCR) this morning to 2.5%. The kiwi reacted positively to this move and gained slightly against the USD after having fallen significantly in recent weeks. In its statement, however, the central bank’s tone was, on the whole, perhaps a bit more hawkish than we would have expected.” “We, too, had anticipated a c
The post AUD/USD Price Forecast: Hawkish remarks from RBA’s Hunter lift Australian Dollar appeared on BitcoinEthereumNews.com.
The Australian Dollar (AUD) trades 0.23% higher to near 0.6943 against the US Dollar (USD) during the Asian trading session on Wednesday. The Aussie pair gains as the Australian Dollar outperforms its major currency peers, except the New Zealand Dollar (NZD), with the Reserve Bank of Australia (RBA) keeping the door open for further monetary policy tightening, if needed, to bring inflation back to the central bank’s target. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% 0.03% 0.15% -0.02% -0.21% -0.50% 0.03% EUR 0.03% 0.05% 0.17% -0.00% -0.18% -0.49% 0.05% GBP -0.03% -0.05% 0.13% -0.03% -0.25% -0.52% -0.03% JPY -0.15% -0.17% -0.13% -0.18% -0.34% -0.65% -0.15% CAD 0.0
The post New Zealand Dollar advances as RBNZ hike weighs on AUD/NZD appeared on BitcoinEthereumNews.com.
AUD/NZD declines after three days of gains, trading around 1.2170 during the Asian hours on Wednesday. The currency cross falls nearly 0.25% as the New Zealand Dollar (NZD) gains ground following the release of the interest rate decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ raised its Official Cash Rate (OCR) by 25 basis points to 2.50% at its June policy meeting, matching widespread market expectations. According to the central bank’s Monetary Policy Review, further reductions in monetary stimulus will likely be necessary to steer inflation back to its 2% target midpoint as economic activity strengthens. The RBNZ noted that future OCR adjustments will remain strictly data-dependent, guided by incoming economic indicators, price-setting behavior, and medium-term inflationary pressures. Meanwhile, Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter highligh
The post New Zealand Dollar retakes 0.5700 vs USD after RBNZ rate hike appeared on BitcoinEthereumNews.com.
The NZD/USD pair attracts some buyers in reaction to the Reserve Bank of New Zealand’s (RBNZ) anticipated interest rate hike and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices, for now, seem to have snapped a two-day losing streak, though the upside potential seems limited amid geopolitical uncertainties. As was widely expected, the RBNZ decided to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 2.50% following the conclusion of the June monetary policy meeting. The New Zealand Dollar (NZD) bulls, however, seem hesitant and opt to wait for further insight if this is a one-off move rather than the start of further tightening. Hence, the focus will be on the post-meeting press conference, where comments from RBNZ Governor Dr. Anna Breman will influence the NZD and provide a fresh impetus to the NZD/USD pair. In the meantime, renewed US-Ir
The post New Zealand Dollar slips ahead of RBNZ rate decision appeared on BitcoinEthereumNews.com.
NZD/USD loses ground near the 0.5680 level as investors look ahead to Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed). The latest US labor data showed the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to softer private hiring. However, the Greenback held firm after New York Fed President John Williams said the US economy is growing at a steady pace, the labor market remains stable, and inflation is still elevated. In New Zealand, the RBNZ is widely expected to raise the Official Cash Rate (OCR) by 25 basis points, from 2.25% to 2.50%, ending a three-meeting pause. The decision could bring volatility, as economists remain divided after May’s close 3-3 split, when Governor Breman cast the deciding vote to hold rates steady. Short-term technical analysis: O
