New Zealand Dollar retakes 0.5700 vs USD after RBNZ rate hike

The post Can NZD/USD build on hawkish RBNZ-led gains beyond 0.5715 confluence? appeared on BitcoinEthereumNews.com. The NZD/USD pair gains strong positive traction following the Reserve Bank of New Zealand’s (RBNZ) first rate hike in three years and reclaims the 0.5700 mark during the Asian session on Wednesday. Spot prices stick to intraday gains in the wake of the central bank’s hawkish outlook, saying that further rate increases appear likely at the coming meetings. Moreover, subdued US Dollar (USD) price action backs the case for a further appreciating move for the currency pair as the market focus shifts to the release of the FOMC Minutes, due later today. From a technical perspective, the NZD/USD pair is currently placed near the 0.5715 confluence hurdle – comprising the 100-day Exponential Moving Average (EMA) on the 4-hour chart and the 23.6% Fibonacci retracement level of the May-June fall. Some follow-through buying will be seen as a fresh trigger for bullish traders and set

The post Gold edges higher as cautious USD bulls eye Fed and Iran risks appeared on BitcoinEthereumNews.com. Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day. The US Dollar (USD) struggles to build on a modest uptick as bulls turn cautious ahead of the release of the June FOMC meeting Minutes. This is seen as a key factor acting as a tailwind for the bullion. The fundamental backdrop, however, warrants some caution before confirming that the pullback from levels just above the $4,200 mark, or a two-week high set on Monday, has run its course. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation

The post AUD/USD Price Forecast: Hawkish remarks from RBA’s Hunter lift Australian Dollar appeared on BitcoinEthereumNews.com. The Australian Dollar (AUD) trades 0.23% higher to near 0.6943 against the US Dollar (USD) during the Asian trading session on Wednesday. The Aussie pair gains as the Australian Dollar outperforms its major currency peers, except the New Zealand Dollar (NZD), with the Reserve Bank of Australia (RBA) keeping the door open for further monetary policy tightening, if needed, to bring inflation back to the central bank’s target. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% 0.03% 0.15% -0.02% -0.21% -0.50% 0.03% EUR 0.03% 0.05% 0.17% -0.00% -0.18% -0.49% 0.05% GBP -0.03% -0.05% 0.13% -0.03% -0.25% -0.52% -0.03% JPY -0.15% -0.17% -0.13% -0.18% -0.34% -0.65% -0.15% CAD 0.0

The post New Zealand Dollar advances as RBNZ hike weighs on AUD/NZD appeared on BitcoinEthereumNews.com. AUD/NZD declines after three days of gains, trading around 1.2170 during the Asian hours on Wednesday. The currency cross falls nearly 0.25% as the New Zealand Dollar (NZD) gains ground following the release of the interest rate decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ raised its Official Cash Rate (OCR) by 25 basis points to 2.50% at its June policy meeting, matching widespread market expectations. According to the central bank’s Monetary Policy Review, further reductions in monetary stimulus will likely be necessary to steer inflation back to its 2% target midpoint as economic activity strengthens. The RBNZ noted that future OCR adjustments will remain strictly data-dependent, guided by incoming economic indicators, price-setting behavior, and medium-term inflationary pressures. Meanwhile, Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter highligh

The post RBNZ hikes to 2.50% as Polymarket puts 2026 Fed hike at 49.5% appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 08, 2026 02:45 On July 8, 2026, New Zealand’s central bank lifted its policy rate 25 basis points to 2.50%, reinforcing that tightening cycles aren’t universally over. RBNZ hikes to 2.50% as Polymarket puts 2026 Fed hike at 49.5% RBNZ Raises Rates to 2.50%: Polymarket Keeps “Fed Rate Hike in 2026” Near a Coin Flip at 49.5% Yes New Zealand’s central bank raised its benchmark interest rate by 25 basis points to 2.50%, a move that kept global rate-setter watchers focused on the persistence of tightening cycles. On Polymarket, odds on the Federal Reserve delivering a rate hike at some point in 2026 were priced at 49.5% at the latest update, with the market marginally favoring “No” at 50.5%. Key Takeaways Polymarket prices a 49.5% chance of a Fed rate hike in 2026, with “No” leading at 50.5%. Traders kept the contract near a coin flip as attention st

The rate hike may curb inflation but risks slowing economic recovery, impacting housing, currency strength, and global investment dynamics. The post Reserve Bank of New Zealand raises key interest rate for first time in three years appeared first on Crypto Briefing.

The post Euro struggles above 1.1400 vs USD as Iran tensions support USD appeared on BitcoinEthereumNews.com. The EUR/USD pair defends the 1.1400 mark during the Asian session on Wednesday, though it struggles to attract any meaningful buyers on the back of renewed US-Iran hostilities. Traders also seem hesitant and opt to wait for FOMC Minutes for more cues about the Federal Reserve’s (Fed) policy path before placing fresh directional bets. The US military launched unleashed a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation of tensions, which is seen underpinning the safe-haven US Dollar (USD) and acting as a headwind for the EUR/USD pair. Meanwhile, the US also moved to withdraw a key concession that allowed Iran to sell oil on international markets, triggering a sharp r

The post New Zealand Dollar slips ahead of RBNZ rate decision appeared on BitcoinEthereumNews.com. NZD/USD loses ground near the 0.5680 level as investors look ahead to Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed). The latest US labor data showed the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to softer private hiring. However, the Greenback held firm after New York Fed President John Williams said the US economy is growing at a steady pace, the labor market remains stable, and inflation is still elevated. In New Zealand, the RBNZ is widely expected to raise the Official Cash Rate (OCR) by 25 basis points, from 2.25% to 2.50%, ending a three-meeting pause. The decision could bring volatility, as economists remain divided after May’s close 3-3 split, when Governor Breman cast the deciding vote to hold rates steady. Short-term technical analysis: O