BNZ now expects the RBNZ cash rate to peak at 5% (vs. 5.5% prior forecast)
<p>BNZ still forecast a 50 rate hike on February 22 from the Reserve Bank of New Zealand.</p><p>The revision to the terminal rate comes after the jobs data earlier:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-jobs-report-for-q4-2022-unemployment-rate-34-expected-33-20230131/" rel="follow" target="_self" class="article-link vertical-align-baseline">New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%)</a></li><li><a href="https://www.forexlive.com/news/nzdusd-drops-a-few-points-after-the-new-zealand-jobs-market-report-20230131/" rel="follow" target="_self" class="article-link">NZD/USD drops a few points after the New […]
Dollar in doldrums as euro near 9-month peak, yen bounces By Reuters
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a nine-month low to the euro and gave back recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. […]
Euro clears 9-month peak as ECB hawks let fly By Reuters
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Wayne Cole SYDNEY (Reuters) – The euro scaled a nine-month high on the dollar on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal […]
Fed’s Barkin:”My hope is we have seen peak inflation behind us”
Tom Barkin, the president and CEO of the Federal Reserve Bank of Richmond, is crossing the wires. Key comments My hope is that we have passed the peak of inflation. The median CPI is still too high for what I want to see. Cannot declare victory over inflation too soon. Doesn’t favour backing off too soon, […]