The RBNZ’s Wednesday 25bp hike to 2.75% is already priced in, so NZD/USD’s real reaction will hinge on the accompanying rate forecast — ASB expects the OCR to keep climbing to 3.25%, while Westpac sees that same outcome as only a 10-15% probability tail case.
The post RBNZ Hike Is Priced In. Can the OCR Track Push NZD/USD Through 0.60? appeared first on ActionForex.
On 28 August, Fed Chair Kevin Warsh delivered a more hawkish assessment of inflation at the Jackson Hole symposium than he had following the July meeting. He reaffirmed the Federal Reserve’s 2% target for core Read more…
Markets In his speech at the Jackson Hole Fed symposium Friday, Fed Chair Warsh after a month of doubts since the July FOMC press conference again firmly put the focus on the Fed’s inflation mandate. Read more…
In focus today Focus turns to the German flash inflation figures for August, ahead of the euro area release tomorrow. Headline HICP inflation is expected to increase to 3.1% y/y (prior: 2.8%), driven by energy Read more…