NZD/USD hits four-month low as RBNZ signals deeper cuts. David Scutt, FOREX.com APAC Market Analyst, breaks down the Reserve Bank of New Zealand’s latest move to cut the cash rate by 25bp to 3% and its sharply revised forecasts. He explains how the RBNZ now sees the rate bottoming at 2.5% next year, why markets quickly repriced the outlook, and what it means for the Kiwi dollar, mortgage rates, and the broader economy.
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00:00:00 Intro
00:00:48 RBNZ rate cut explained
00:01:30 Market reaction and swaps pricing
00:01:40 Outlook for the Kiwi dollar
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