The New Zealand dollar strengthened against other major currencies in the European session on Friday, as investors signaled rate hike by the Reserve Bank of New Zealand's (RBNZ).
The Official Cash Rate (OCR) is expected to rise sooner and more than previously anticipated, according to RBNZ Governor Anna Breman, who made this announcement early on Friday. She cited weaker growth, increased input costs in New Zealand and its trade partners, and inflation exacerbated by the Middle East war.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.