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.
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