{
  "id": 10562170,
  "title": "New Zealand Dollar steadies near its lows as RBNZ hike bets keep building",
  "url": "https://urgent.news/2026/09/28/new-zealand-dollar-steadies-near-its-lows-as-rbnz-hike-bets-keep",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T23:45:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/new-zealand-dollar-steadies-near-its-lows-as-rbnz-hike-bets-keep-building-202609282345"
  },
  "original_language": "en",
  "account": "New Zealand's currency, the Kiwi, has settled near its lowest point as the Reserve Bank of New Zealand (RBNZ) interest rate hikes become more likely. The NZD/USD pair has hit its lowest level since late June, with the pair closing near 0.5650 on Monday, just above its low of 0.5650. Market analysts estimate an 80% probability that the RBNZ will raise its OCR to 3% from 2.75% on October 28, up from the previously announced 2.75%. The RBNZ Governor stated that higher crude oil prices could cause near-term inflation to exceed expectations, leading to potential hikes. GDP growth exceeded forecasts in the second quarter, while revisions boosted first-quarter growth. The Consumer Price Index (CPI) is released on October 21, just a week before the RBNZ decision, and the general election occurs on November 7. A rate hike alone may not boost the Kiwi if the Federal Reserve raises rates on the same day. Swaps suggest the OCR may settle near 4% by the end of the cycle, below the current Fed range. Market participants believe a weak jobs report could push the Fed to postpone a hike, but inflation forecasts suggest otherwise. Resistance is at 0.5700, while support is at 0.5650, with the late-June low at 0.5600 acting as the next support level. Traders are advised to consider shorting below 0.5700, targeting 0.5600 and then 0.5550. The New Zealand Dollar's value is influenced by the health of the New Zealand economy, the country's central bank policy, and the performance of the Chinese economy, as well as dairy prices. The RBNZ aims to maintain an inflation rate between 1% and 3% over the medium term, with a focus on keeping it near the 2% mark.",
  "summary": "Five straight weekly declines have left NZD/USD at its lowest since late June. Monday's low near 0.5650 matched Thursday's and Friday's, and the pair closed just above it with a small gain.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar holds above 0.70 as RBA hike becomes a done deal",
        "url": "https://urgent.news/2026/09/28/australian-dollar-holds-above-0-70-as-rba-hike-becomes-a-done-deal",
        "published": "2026-09-28T23:11:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}