The NZ dollar could gain traction if the RBNZ surprises on the hawkish side

The kiwi was trading at 61 US cents late Tuesday. (Image: Gettty)

Wed, 22 May 2024

The New Zealand dollar pared some gains ahead of the Reserve Bank of New Zealand’s monetary policy review, but a hawkish tilt could see it regain some traction. The kiwi is trading around 61 US cents, down from a recent high of 61.42 last week, on the back of a softer US dollar.The Reserve Bank of NZ (RBNZ) is expected to keep rates on hold at 5.5% but there will be keen interest to see if it makes any changes to its forecasts. It is due to announce its decision at 2pm on Wednesday. The central bank is mandated with keeping infl...

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