The New Zealand Dollar (NZD) edges lower in its most heavily-traded pairs on Wednesday following the trend of the previous weeks as bearish fundamentals, including an overall negative outlook for growth, continue to weigh. Recent comments from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr failed to give the Kiwi much support, despite the prospect of the RBNZ maintaining relatively high interest rates. Orr stressed the importance of battling too-high inflation in a speech on Tuesday.
The New Zealand Dollar extends its downtrend in most pairs as broadly weak fundamentals exert pressure. RBNZ governor Orr says the bank is “laser-focused” on beating inflation. Technically, price could be about to correct higher within a persistent downtrend. The New Zealand Dollar (NZD) edges lower in its most heavily-traded pairs on Wednesday following the trend of the previous weeks as bearish fundamentals, including an overall negative outlook for growth, continue to weigh.
Recent comments from the Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr failed to give the Kiwi much support, despite the prospect of the RBNZ maintaining relatively high interest rates. Orr stressed the importance of battling too-high inflation in a speech on Tuesday. Normally higher interest rates help a currency as they attract more foreign capital inflows but in the case of New Zealand this does not appear to be the cas
New Zealand Dollar Downtrend Weak Fundamentals RBNZ Inflation Interest Rates
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