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  • ANZ Now Sees RBNZ Raising Cash Rate in February, April; ANZ Now Sees RBNZ Raising Cash Rate to 6% by April

thats great. Long term aud , nzd buy..
Early to bed, early to rise, keeps you healthy, wealthy and wise.
from my understanding, increase in cashrate causes raise in interest rate which helps appreciate the currency. bullish news
  •  Guest
  • | IP XX.XXX.115.255
What!? Well this was out of the blue...

6% is quite enough... even US economy is crumbling on 5.50% and it's considered the strongest economy.

This won't end well in my opinion.

However, one thing is for certain... RBNZ will crush inflation and put NZ into big recession, unfortunately.
Quoting eqshack
thats great. Long term aud , nzd buy..
how is this bullish news for AUD ?
Oh FFS read the actual "story" (if it can be called that)

https://www.forexlive.com/centralban...to-6-20240209/

and then LOOK at the actual data releases over the last month. NZD is well on pace to reach inflation target already, economy recovering nicely. Only area of concern is new house builds. Hiking the rate will do zero to help with this, rather the exact opposite, and the next RBNZ meeting isn't until Feb 28, duh
Let's go DODGERS !!
Quoting AJK144
{quote} how is this bullish news for AUD ?
AUD and NZD are twins they move together most of the time
  •  Guest
  • | IP XXX.XXX.113.158
NZ won't crash it gives them nice buying power with another interest rate rise
They wont so dont worry.
Remember no Man is an Island...i know NZ is...Well there Citizen will be Happy having a stronger Currency... But then again when it comes to loans and mortgage renewal those happy thoughts will turn into Cursing.... but i do not know about their Exporters...Its a Clown world to Some Big Degree... Myself i do not belief they are going to 6%...without support from the Big Countries....
  •  Guest
  • | IP XXX.XXX.113.158
If worse comes to worse they can sell there hoards of sheep… ahahah
Quoting eqshack
thats great. Long term aud , nzd buy..
It's not great, it's a head fake. ANZ prop trading floor is probably long NZD (vested interest, ANZ owns the NZ subsidiary Bank of NZ) and losing money. Pile of bs manipulation. See other comments above.

Perhaps I should add that you might want to check out the fractal on EUR/NZD weekly chart.
Let's go DODGERS !!
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  • | IP XX.XX.18.52
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  • Story Stats
  • Posted: Feb 8, 2024 6:58pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 11  /  Views: 4,923

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