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NZD Draws Buy Recommendations as RBNZ Mulls 'Luxury' Rate Rise
New Zealand’s Dollar could benefit over the coming months from what are increasingly ‘hawkish’ expectations for Reserve Bank of New Zealand (RBNZ) monetary policy, according to HSBC and Westpac, though notably around interest rates which could begin rising as soon as the second quarter next year if investors are correct in how they’ve recently wagered. Pricing in certain markets has indicated in recent weeks that investors, traders and other participants are becoming ever more optimistic or otherwise cautious on the outlook for borrowing costs in New Zealand, with notable increase in the prevalence of ... (full story)