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Marginally Firmer As ANZ Updates RBNZ Call

NZD

NZD/USD prints at $0.6235/40, the pair is ~0.1% higher this morning.

  • Kiwi has firmed as ANZ have updated their forecast for the RBNZ terminal rate, the bank now sees the OCR rising to 5.75%. Yesterday Westpac raised their forecast to 6%.
  • NZD/USD printed a high at $0.6244 before marginally paring gains to current levels.
  • AUD/NZD is a touch softer, the pair is down ~0.1% last printing $1.0660/70.

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