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NZD Outperforms on Rate Hike Bets

NZD Outperforms on Rate Hike Bets

News
Gina Constantin
09/02/2024 | 06:51 GMT
  • NZD gains support as investors speculate on rate hikes by the Reserve Bank of New Zealand. ANZ predicts cash rate to reach 6% by April.

The New Zealand Dollar (NZD) has strenghtened as investors bet on rate hikes.

ANZ forecasts the Reserve Bank of New Zealand (RBNZ) to raise the cash rate to 6% by April, with rate hikes expected in both February and April.

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