NZD/USD-Commentary
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January 3, 2024 5:33 AM UTC
Kiwi is the best performer in majors against the greenback despite sour regional risk sentiment and soft commodity price. While it can be partially attributed to broad USD weakness, the magnitude of the rebound is also related to the pace of fall on Tuesday (Kiwi the biggest loser of 1.21%)
NZD/USD
December 13, 2023 5:17 AM UTC
The Kiwi has been beaten down on Wednesday Asia session, triggered by Westpac's downward forecast revision of Q4 CPI. Westpac cuts its New Zealand Q4 CPI forecast to 0.3% from 0.6%, which is read by market participants if such is the case, the RBNZ does not neccessarily have to keep rates higher for