22 days ago • Posted by Jasper Lawler
Forex News: Kiwi dollar hits 3-month high after hawkish RBNZ #NZDUSD
The kiwi is the best performing major currency so far today after the RBNZ was more hawkish than expected, with forecasts projecting a rate hike in 2H 2022.
That has seen the kiwi shoot higher earlier today and buyers have kept gains above 0.7300 for the time being, looking to hold above the 10 May high @ 0.7305.
Looking back at the RBNZ event earlier, there is also some added good news which may have gone by unnoticed for kiwi buyers. That being the RBNZ not offering any major pushback on the currency's strength even as it climbs to 0.73 during Orr's presser.