Yesterday’s high: NZ$1.7744
Yesterday’s low: NZ$1.7640
GBP/NZD Recovers a Cent
With the latest 2-year inflation expectation report from the Reserve Bank of New Zealand (RBNZ) showing a downtick in CPI bets, NZD exchange rates softened and GBP/NZD was able to recover by around a cent on Monday.
An as-forecast like-for-like sales result from the British retail consortium had little impact on the Pound this morning and the New Zealand Dollar was fairly static ahead of tomorrow’s RBNZ interest rate decision.
NZD Outlook: Little Movement Forecast for the ‘Kiwi’
With influential ecostats thin on the ground both at home and away, the New Zealand Dollar may prove fairly range-bound ahead of tomorrow’s RBNZ interest rate announcement. Dovish commentary from the central bank would be negative for the ‘Kiwi’.
22:00 RBNZ Interest Rate Decision
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