NZD/USD in focus as RBNZ seen lifting OCR to 3% on inflation: Oct 25, 2026
The New Zealand dollar is in focus ahead of a Reserve Bank of New Zealand meeting, with previews pointing to a lift in the OCR to 3% ahead of the election. The expectation is linked to inflation pressures from oil and the weak kiwi, with the RBNZ flagged as one of the G10 central banks most likely to hike this week.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (9)
First seen on October 25
- Preview: RBNZ set to lift OCR to 3% ahead of election as oil and weak kiwi fuel inflationInvestingLive
Carried over from earlier days
- Cliff Notes: Managing ExpectationsActionForex
- New Zealand Dollar gains ground to near 0.5700 on RBNZ rate hike prospectsFXStreet
- First Impressions: NZ Consumers Price Index Q3 2026 and Change of OCR CallActionForex
- Australian Dollar holds steady amid RBNZ rate hike bets, weak PMI dataFXStreet
- New Zealand Dollar stalls below 0.5700 as Oil prices dent risk appetiteFXStreet
- Futures Wobble After AI Bloodbath As Brent Hits $114, France Braces For Moody'sZeroHedge
- NZDUSD buyers are trying to make a play. The 38.2% retracement remains the next hurdle.InvestingLive
- Week Ahead: Five G10 Central Banks Meet and Reserve Bank of New Zealand and the Bank of Canada are Most Likely to Hikemarctomarket.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 25 | ||
| Bank Holiday | NZD | |
| Fed Monetary Policy Report | USD | |
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 1.8% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| HPI m/m | 0.1% | USD |
| S&P/CS Composite-20 HPI y/y | 2.7% | USD |
| Richmond Manufacturing Index | 1 | USD |