February 23, 2024

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New Zealand raised interest rates for the first time in seven years, and will come through Reuters

New Zealand currency rises, rate decision likely to rise 75bp. How much is the dollar and franc worth today? By FXMAG UK

© Reuters. New Zealand currency rises, rate decision likely to rise 75bp. How much is the dollar and franc worth today?

With the interest rate decision due tomorrow morning, the tension over New Zealand is very noticeable. According to expert estimates (due to recent meetings of Bank of New Zealand representatives), a 75 basis point rate hike is likely, taking it to (possibly) 4.25% from the current 3.50%. Currently we already have a few pairs to consider in the following hours. Let me make it clear that this article does not contain any technical opinions, and we are writing about changes in currencies, maybe highlighting some dates or events that lead to drastic changes in their prices.

New Zealand Supreme Court lowers voting age to 16

Retail Steals All the Attention ()

Let’s take a look at today’s retail sales update (yearly and monthly) in Canada as key data. Estimates may be wrong, but experts point to a possible reduction in the last quarter of this year.

The New Zealand Dollar to Canadian Dollar exchange rate is 0.822 as of 7:40 AM on November 22nd, representing a percent change of +0.26%. Ratings for the pair ended at the highest points of the month.

The trading range is oscillating with the price at 0.819 (low price) and 0.822 (high price).

The chart of the NZD/CAD pair is updated on a one-day interval

What news will be presented in America today ()?

American Today refers to the weekly reserves of API, their amounts may not be significant in the valuation of the dollar, if there are significant changes it will depend a lot.

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The New Zealand Dollar to US Dollar exchange rate was at 0.611 at 7:45 AM on November 22, representing a change percentage of +0.34%. These ratings also managed to establish themselves within the highest values ​​of the month.

Today’s trading range averages 0.609 (minimum price) and 0.612 (maximum price).

The chart of the NZD/USD pair is updated on a one-day interval

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Swiss franc price under tight rope ()

This week in Switzerland, we won’t see any important forex data until Friday with the employment level for this 3rd quarter of the year.

The New Zealand Dollar to Swiss Franc exchange rate is 0.58 as of 7:50 AM on November 22nd, a +0.13% percent change so far for the day. The pair has recovered its bullish levels since Thursday afternoon, the 17th, and has been maintained by the same estimates so far.

Regarding its trading range, today it is recorded between 0.584 (low price) and 0.586 (high price).

The chart of the NZD/CHF pair is updated on a one-day interval