Forex
globalreutersApril 10, 20241 Mins read
NZD/USD trading higher after the RBNZ statement (TL;DR on rates is ‘higher for longer’)
globalreutersApril 10, 20241 Mins read Earlier from the Reserve Bank of New Zealand decision today:
- Committee is confident that maintaining the OCR at a restrictive level for a sustained period will return consumer price inflation to within the 1 to 3 percent target range this calendar year
- NZD/USD traded higher on the inflation-fighting RBNZ statement
NZD/USD is making new session highs, underpinned by a hawkish RBNZ. Hourly candles show a previous top right about where we are at present – there will be a little work to do:
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
TMA Line MT4 Indicator
We all know and (hopefully) love moving averages (MAs) – those trusty...
Global Market Weekly Recap: September 16 – 20, 2024
It was a hectic week in the global financial markets, as the...
FX Weekly Recap: September 16 – 20, 2024
Although the FOMC decision was the main event on everyone’s radars, there...
Forexlive Americas FX news wrap 20 Sep: The week comes to s close with the USD mostly up.
Mixed end to the day for the major indicesQualcomm has approached Intel...
Leave a comment