The New Zealand Dollar remains stable around $0.624 after experiencing recent volatility, as the U.S. Dollar weakens due to expectations of interest rate cuts by the Federal Reserve this year.
 
Recent data shows a decrease in short-term U.S. consumer inflation expectations for December, supporting a dovish monetary policy outlook.
 
Domestically, the market predicts four interest rate cuts by the Reserve Bank of New Zealand this year, with the first anticipated in May.
 
The head of the Reserve Bank of New Zealand acknowledged unexpected weaknesses in the latest growth data, fueling speculation about a possible earlier rate cut. Although the RBNZ maintained the interest rate at 5.5% in November, they nearly raised rates again.
 
Warning!
 
The analysis "U.S. Dollar Weakens, New Zealand Dollar Remains Stagnant" is based on insights from fundamental and technical perspectives from reliable sources and should not be considered as advice or solicitation. Always remember that this content aims to enrich readers' information. Always conduct independent research regarding other forex information as a reference in your trading.
 
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