NZD/USD: Vulnerable to some correction before more sustained gains – MUFG NZDUSD RBNZ Banks China
rate hike of 75 bps was partially priced but the key takeaway was the substantial upward revision by the RBNZ to the estimated terminal rate – from 4.10% previously in August to 5.50%.”
“NZD was also propelled higher by the gradual shift away from zero-covid policies in China that are encouraging more optimism over growth next year.”still set to hike further and remain hawkish, we see the NZD correcting weaker before gaining again.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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