Nzd usd

[winner69]

NZDUSD turned turtle overnight

Something to do with a strong ISM they say

[Daytr]

the labour force participation rate dipped to 71.9%

This guy has the right idea ..from interest.co.nz … Henry Russell, an economist at ANZ, warned this could prompt the Reserve Bank of New Zealand (RBNZ) to lift the OCR from 5.50% to 5.75% at its next review on February 28. “A 25 basis points hike later this month has become a very real possibility, and RBNZ Governor Orr’s speech on 16 February could raise the market-perceived probability of a hike further,” Russell said.

NZD back to 59c Winner.
Henry old boy must be regretting sticking his head above the parapet.

[winner69]

NZD back to 59c Winner.
Henry old boy must be regretting sticking his head above the parapet.

Heading to 55c I’m next month or so

And then maybe even lower

[winner69]

Nzd on fire post RBNZ holding OCR with a hint they might take it up soon

[winner69]

Members agreed that persistence in non-tradable inflation remains a significant upside risk .. the Committee discussed the possibility of increasing the OCR .. interest rates may have to remain at a restrictive level for longer than anticipated in the February Monetary Policy Statement"