February 26, 2024 – Written by David Woodsmith
Leave a comment STORY LINK New Zealand Dollar Retreats Ahead of Huge RBNZ Rate Decision This Week
The New Zealand dollar lost ground on Monday with a significant element of position adjustment ahead of Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision.
The New Zealand dollar to US dollar (NZD/USD) exchange rate retreated to 0.6175 after failing to bear 0.6200 while the Pound to New Zealand dollar (GBP/NZD) exchange rate posted a 2-week high at 2.0550.
Analysts are split on this month’s rate decision with a significant minority calling for a rate hike while a majority expect rates to hold at 5.50%.
According to…
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