Dovish RBZN shocks Kiwi

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dovish RBZN shocks Kiwi

FxPro | 898天前

On Wednesday, the Reserve Bank of New Zealand raised its key rate by 25bp to 5.5%, the highest since October 2008, which was widely expected by markets. The RBNZ's accompanying commentary was full of dovish signals.

The central bank noted easing inflationary pressures and easing problems in global supply chains and labour market shortages. In addition, lower consumer and construction activity was reported, while house prices returned to more sustainable levels.

Finally, the RBNZ expresses confidence that a continued restrictive level of interest rates will return inflation to the desired 1-3% trajectory.

These and other signals in the Reserve Bank of New Zealand's comments were seen as a willingness to end the interest rate hike cycle. This shocked the markets, which were more in tune with signals of a pause but not a peak rate.

Add the outright pulling away from risky assets, and you have an almost perfect storm. As a result, the NZDUSD lost over 2% over Wednesday, down to 0.6100, the lower end of the range of the last two months and under the 200-day moving average. The move looks excessive for one day, suggesting some potential for a short-term rebound. However, from a broader perspective, this is a bearish combination for the NZD over the medium term.

By the FxPro Analyst Team

FxPro

4.5

377 reviews

类型: NDD

规则: FCA (UK), SCB (The Bahamas)

标签: 分析报告 NZDUSD

Global Currencies React to Shifting Trade Data and Central Bank Policies Amid Mixed Dollar Performance | 7th November 2025

The U.S. Dollar steadied near 100.00 as firm yields and weak Chinese trade data pressured risk currencies. The Aussie and Kiwi fell on slower export outlooks, while USD/CAD held near six-month highs. The Yen eased as BoJ stayed dovish. Traders now await U.S. inflation and sentiment data for the Fed’s next policy cues.

Moneta Markets | 1天前

Shutdown Risks, Tariff Relief Shape FX Moves | 5th November 2025

Markets traded mixed as a possible U.S. government shutdown and easing U.S.-China tensions shaped sentiment. Gold climbed above $4,000 on safe-haven demand, WTI oil slipped near $60 on rising inventories, and GBP/USD fell to 1.3040 amid BoE caution. China’s tariff cuts boosted optimism, but traders remain wary ahead of key U.S. data.

Moneta Markets | 3天前

Markets on Edge as trump-Xi Meeting Takes Center Stage | 30th October 2025

Global markets traded cautiously as the Trump–Xi meeting drew global attention, shaping risk sentiment and trade outlook. Gold held near $3,950 while silver steadied around $47.50. Risk currencies like AUD and NZD advanced on trade optimism, and USD softened ahead of key event updates. Traders await concrete signals to set November’s tone.

Moneta Markets | 9天前

Oil Slips as OPEC+ Output Plans Weigh on Markets | 29th October 2025

Global markets turned cautious as reports of a potential OPEC+ output hike weighed on oil and risk sentiment. WTI fell near $60.00, while the USD stayed firm ahead of FOMC and BoC meetings. Gold held near $4,250, EUR/USD eased under 1.1650, and NZD/USD hovered near 0.5780. Traders await policy clarity and OPEC+ confirmation to set next direction.

Moneta Markets | 10天前

Trade Optimism, Supply Deals, and Rate Cut Bets Drive Global Market Swings | 28th October 2025

Global markets are moving on trade optimism and fresh rate-cut hopes. Gold rebounded but stayed capped below highs, while silver eased under $47. Oil fell near $61.00 on OPEC+ supply hints, and NZD/USD rallied toward 0.5800 on risk-on flows. EUR/JPY slipped to 177.50 as yen strength followed a new US–Japan supply deal.

Moneta Markets | 11天前

All Eyes on US CPI as Market Volatility Builds | 24th October 2025

Global markets traded cautiously as investors awaited the key US CPI inflation report for clues on the Fed’s next policy move. The Dollar stayed below 99.00, gold and silver softened, and AUD/NZD traded sideways amid thin volumes. A cooler CPI could lift metals and risk assets, while a hotter print may strengthen the greenback.

Moneta Markets | 15天前

Oil Steadies as India Halts Russian Imports, Dollar Weakens on Fed Bets | 16th October 2025

Oil steadied near $58 after India halted Russian imports, easing supply fears. The US Dollar weakened as dovish Fed expectations lifted risk appetite and commodities. Gold surged above $4,200, while NZD and CAD gained on USD softness. Traders now eye Fed comments, US data, and EIA reports for market direction.

Moneta Markets | 23天前

Cautious Markets Await FOMC Cluesa | 9th October 2025

Markets traded cautiously ahead of the FOMC minutes as traders sought clues on Fed policy. The USD held firm, pressuring major peers. GBP, EUR, and AUD weakened, while NZD saw limited rebound. USD/JPY hit fresh highs on policy divergence. Overall sentiment stayed cautious with focus on Fed guidance and global risk trends.

Moneta Markets | 30天前

Review Score

平台

定价

客户服务

功能

EURUSD	1.15623	GBPUSD	1.31554	AUDUSD	0.64917
USDJPY	153.415	USDCAD	1.404	USDCHF	0.8049