Published: 2024-02-12T04:16:50.000Z
NZD/USD flows: Quiet Monday as most Asia market observe Lunar New Year
FX Analyst
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It is a quiet Monday with markets observing Lunar New Year
RBNZ Gov Orr says inflation remains too high, that's why we've kept cash rate at 5.5%
It is a quiet Monday with most Chinese markets observing Lunar New Year. There is little important economic releases nor headline coming out thorough the weekend, maybe except for the Super Bowl. U.S. 3 major equity indexes are barely in the green while USD trading individually against majors.
The Kiwi has stood out with losses as we heard RBNZ Gov Orr saying inflation remains too high and "that's why we've kept cash rate at 5.5%". It seems to smash hawkish speculations from ANZ last week and see NZD/USD down 0.3% to 0.6130.