empty
 
 

28.09.202602:02:06UTC+00New Zealand Dollar Wallows Near 3-Month Low

The New Zealand dollar hovered around $0.566, its weakest level since late June, pressured by a broadly stronger US dollar. A series of robust US economic reports, combined with hawkish comments from Federal Reserve officials, has reinforced expectations of further US interest rate increases, bolstering the greenback.

At the same time, President Donald Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz pushed oil prices higher, stoking global inflation concerns. This has raised the prospect of additional monetary tightening by central banks, including the Reserve Bank of New Zealand (RBNZ).

Markets now largely anticipate a third RBNZ rate hike in October, following Governor Anna Breman’s warning last week that persistently elevated oil prices could drive near‑term inflation somewhat above the central bank’s latest projections. Even so, the US dollar’s strength, underpinned by a firmly hawkish Fed outlook, continues to overshadow any support for the kiwi stemming from rising RBNZ rate-hike expectations.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback