Forex, video, latest February 23, 2021 3:01 pm
a RBNZ meet at 0100 on February 24 also a RBNZ’s press conference become become at 0200. a recent run of economic data for New Zealand has been awesome also inflationary pressures has been building inside a last readings. Furthermore, a prospect of negative rates has receded with monetary policy seen to become working.
So a broad outlook for a NZD is more strength. Yes, a RBNZ become not want to push ahead of a Fed, so expect a dovish tilt inside a bank’s rhetoric talking about ‘risks’ ahead etc. However, a rising 2 year inflation expectations, housing prices increase, also falling unemployment all mean a NZD should still face buying pressure.
All economists polled by Reuters expect rates to remain unchanged at 0.25%. a RBNZ shadow board said there was no ‘need for change’ at this meeting. youre can read their report this.
Any falls inside a NZD should become a buy on a dips.
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