Post #16092

The RBNZ Is Losing Patience NZD/USD pushed up toward 0.584, hitting fresh two-week highs as the RBNZ turned more hawkish. The central bank is making it clear — if core inflation starts to re-accelerate, they’re ready to hike. That’s a big shift from recent commentary. Despite softer growth expectations, the focus is firmly on inflation. Rising energy costs are feeding into that outlook, and the RBNZ is signaling it’s willing to act preemptively if needed. Rate hike expectations have ramped aggressively, with strong odds for a move as soon as July and rates now seen pushing toward 3% by year-end. The broader backdrop still matters — ceasefire uncertainty and geopolitical risk are keeping sentiment fragile. Remember, NZD is a risk-currency that reacts heavily to sentiment. In times of risk-off, this currency typically leads the path downward. NZD/USD has lost most of its strong reading on the EdgeFinder, dropping from -13 to -5. - Alan