After a“hawkish minimize” occasion late final 12 months, markets now anticipate the Reserve Financial institution of New Zealand (RBNZ) to maintain coverage regular in February.
Our Occasion Information for the February RBNZ resolution notes that the New Zealand greenback may nonetheless see a pickup in volatility, notably with up to date financial projections on deck that will level to near-term Kiwi energy.
If the RBNZ occasion comes throughout as bullish for the New Zealand greenback, we’re watching NZD/CHF and GBP/NZD for potential follow-through.