Hawkish RBNZ Made Kiwi Dollar to Spike High
1. Yesterday , NZDUSD Shot up by 60 pips after FED Waller Said Rate cuts are on Table by 2024
2. In the Morning Asian Session, the RBNZ Showed Hawkish Bias and said that they will rise rates if necessary and predicts that Risks to Inflation is still more to upside . NZDUSD shot up from 0.6140 levels to 0.6210 levels
3. Interestingly , the Inflation data that came from Australia in the early Morning of the Asia Session came at 4.9% vs 5.2% Expected. AUDNZD now around 1.073 level down (-0.91%)
2. In the Morning Asian Session, the RBNZ Showed Hawkish Bias and said that they will rise rates if necessary and predicts that Risks to Inflation is still more to upside . NZDUSD shot up from 0.6140 levels to 0.6210 levels
3. Interestingly , the Inflation data that came from Australia in the early Morning of the Asia Session came at 4.9% vs 5.2% Expected. AUDNZD now around 1.073 level down (-0.91%)