Reserve Bank of New Zealand (RBNZ) news

The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary function is to maintain monetary and financial stability. The RBNZ uses various monetary policy tools to influence economic activity and support sustainable economic growth in New Zealand.

Chart alert: NZD/USD’s 3-day decline ends, potential bullish reversal above 0.5846 key support
NZD/USD is showing signs of a bullish reversal after holding above key support at 0.5846, supported by stronger-than-expected inflation and rising expectations of RBNZ rate hikes. Yield spreads are turning in favour of the kiwi, reinforcing upside momentum. A break above 0.5929 could drive gains toward 0.6030, while a drop below 0.5846 may trigger a short-term pullback.
by Kelvin Wong
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