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Reuters - 13 hours ago

New Zealand dollar skids as RBNZ cuts rates, flags more to come

New Zealand dollar skids as RBNZ cuts rates, flags more to come By Wayne Cole SYDNEY, Aug 14 (Reuters) - The New Zealand dollar slammed into reverse on Wednesday after the central bank cut interest rates a year earlier than its own projections and signalled a lot more to come, sending bond yields diving. The Reserve Bank of New Zealand (RBNZ) wrapped up its latest policy meeting by cutting the official cash rate (OCR) by 25 basis points to 5.25%, the first easing since early 2020. "With headline

Reuters - 2 days ago

Australian dollar tests resistance, kiwi awaits rate fate

Australian dollar tests resistance, kiwi awaits rate fate By Wayne Cole SYDNEY, Aug 13 (Reuters) - The Australian dollar was bumping up against resistance on Tuesday as an extended rally in Japanese stocks lifted risk sentiment, while the New Zealand dollar kept its nerve before a decision on interest rates. The Aussie edged up $0.6592 AUD=D3 , and within a whisker of the 200-day moving average at $0.6598. The next targets are $0.6625 and $0.6700, with support at $0.6550. The kiwi dollar was a s

Reuters - 2 days ago

Australian, NZ dollars calm before RBNZ meet, markets look for rate cut

Australian, NZ dollars calm before RBNZ meet, markets look for rate cut SYDNEY, Aug 12 (Reuters) - The Australian and kiwi dollars were calm on Monday after ending a turbulent week with gains, although volatility lies ahead as markets position for a first rate cut in New Zealand before a key U.S. inflation test . The kiwi NZD=D3 climbed 0.2% to $0.6012, building on last week's 0.7% rise as risk sentiment returned after a drastic sell-off in markets.

Reuters - 6 days ago

Australia, NZ dollars digest gains as risk returns to the menu

Australia, NZ dollars digest gains as risk returns to the menu By Wayne Cole SYDNEY, Aug 9 (Reuters) - The Australian and New Zealand dollars were looking to end a wild week with solid gains on Friday as U.S. recession worries waned for a moment, allowing risk assets to make a comeback. An unexpectedly sharp drop in U.S. jobless claims was enough to see Wall Street bounce and the Nikkei extend its rally from Monday's dizzying decline, pulling the safe-haven yen down in the process.

Reuters - 6 days ago

Australia dlr climbs on kiwi as market bays for NZ rate cut

Australia dlr climbs on kiwi as market bays for NZ rate cut By Wayne Cole SYDNEY, Aug 8 (Reuters) - The Australian dollar jumped on its New Zealand rival on Thursday as investors ramped up bets for a kiwi rate cut as soon as next week, while pushing out the timing for an easing at home. New Zealand rate markets rallied sharply after the Reserve Bank of New Zealand (RBNZ) reported its survey of inflation expectations had seen the two-year outlook sink to 2.03% for the September quarter, from 2.33

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