The New Zealand dollar is trading in a narrow range around 0.5700 ahead of the Reserve Bank of New Zealand's policy meeting on Wednesday. The market consensus is for a rate increase. The recent easing in U.S.-Iran tensions has significantly reduced upside risks to New Zealand's medium-term inflation outlook, says Samara Hammoud, currency strategist at CBA. An on-hold decision might briefly weigh on the New Zealand dollar, although a clear tightening bias should limit the downside, Hammoud added. (james.glynn@wsj.com; X @JamesGlynnWSJ)
Dow Jones Newswires
New Zealand Dollar In Holding Pattern Ahead of Uncertain Rates Call — Market Talk
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The New Zealand dollar is trading in a narrow range around 0.5700 ahead of the Reserve Bank of New Zealand's policy meeting on Wednesday. The market consensus is for a rate increase. The recent easing in U.S.-Iran tensions has significantly reduced upside risks to New Zealand's medium-term inflatio…