The OCR looks set to end 2025 at 3.25% – lower than previously thought. We continue to see a 50bp cut in February but now think it will be followed up with 25bp cuts in April and May 2025. GDP printed sharply lower in Q2 and Q3 2024 – falling a cumulative 2.1%. The RBNZ […]
The post RBNZ OCR Change of Call: Weak GDP Implies a Lower Trough in the OCR appeared first on Action Forex.
Check back for updates throughout the trading day U.S. equity futures bumped higher in early Thursday trading , while the dollar held near two-year highs and Treasury yields jumped, as markets extended their reaction to Read more…
NZD/USD has dropped to its lowest level since October 2022, trading around 0.5620. The currency pair is under pressure from two major factors: the strengthening US dollar and New Zealand’s weak domestic economic data. The Read more…
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