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New Zealand Dollar remains under pressure, RBNZ rate hike bets cushion losses

NZD/USD trades around 0.5655 at the time of writing on Thursday, down 0.30% on the day.

NZD/USD trades around 0.5655 at the time of writing on Thursday, down 0.30% on the day.

However, the pair limits its losses as the New Zealand Dollar (NZD) benefits from a sharp increase in expectations of further monetary tightening by the Reserve Bank of New Zealand (RBNZ).

Market commentary only, not advice. 47 words on the desk. Trading involves risk. Headline credited to FXStreet.

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