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NZD/USD Holds Near 3-Month High on RBNZ Rate Hike Bets and Risk Appetite

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The Story

News Summary

  • The New Zealand dollar traded near three-month highs around $0.597 as easing Middle East tensions boosted risk appetite.
  • Anticipation of a 25-basis-point RBNZ rate hike next week provides further upside support, despite soft domestic retail sales data raising questions about the pace of future policy tightening.
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NZDUSD price history

0.58 +0.00% over the displayed period

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