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NZ dollar falls ahead of RBNZ, Aussie braces for CPI test
The New Zealand dollar fell on Monday as traders pared back bets the central bank could surprise with an interest rate hike this week, while the Australian dollar was also vulnerable ahead of a monthly inflation test. The kiwi NZD=D3 fell 0.5% to $0.6164, after jumping 1.2% last week on risk that the Reserve Bank of New Zealand (RBNZ) may hike this week. However, some of that risk faded on Monday, reflected in the two-year swap rate NZDSM3NB2Y= falling six basis points from a three-month top to 5.1850%. The Australian dollar AUD=D3 slipped 0.2% to $0.6551, having ended last week little changed. The currency is ... (full story)
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- Posted: Feb 25, 2024 11:04pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,554
