NZ dollar could swing sharply on surprise RBNZ move, forecasters say
The kiwi dollar could move by as much as 0.7 US cents if the Reserve Bank surprises markets with its next decision.
The New Zealand dollar's next move hinges on whether the Reserve Bank of New Zealand surprises the market with its rate decision. Westpac forecasts the currency could swing by as much as 0.7 US cents in either direction depending on the central bank's action. The NZ dollar was trading around 59.16 US cents.
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RBNZ hike fully priced, so the kiwi’s move rests on the track
The New Zealand dollar could move by as much as 0.7 US cents in either direction if the Reserve Bank of New Zealand takes markets by surprise, according to Westpac. The NZ dollar (NZD) was trading around 59.16 US cents…