NZD/USD in focus as traders price third straight RBNZ hike to 3%: Oct 26, 2026
Traders are pricing a third straight Reserve Bank of New Zealand hike, with expectations centered on a 25bp move to 3% in October backed by a NZIER Shadow Board majority. The outlook is linked to oil prices and a weaker kiwi fuelling inflation, while the US dollar has been stronger against the New Zealand dollar alongside a busy week for major central banks.
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 (10)
First seen on October 26
- New Zealand Dollar gains ground to near 0.5700 as RBNZ rate hike bets riseFXStreet
- NZD/USD and USD/CAD in Focus as RBNZ and BoC May Deliver Central Bank Week’s Biggest SurprisesActionForex
- Major central banks take centre stage this week but will there be any surprises?InvestingLive
- Reserve Bank of New Zealand: October rate hike now seen – TD SecuritiesFXStreet
- Five Central Banks, Tech Earnings and Oil Risks Set Up a Week of Cross-Market RepricingActionForex
- The USD is stronger vs the CAD, AUD and NZD today. What do the charts tell traders?InvestingLive
- NZIER Shadow Board majority backs 25bp RBNZ hike to 3% as oil and weaker kiwi biteInvestingLive
- New Zealand Dollar traders price in a third straight RBNZ hikeFXStreet
Carried over from earlier days
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 2.0% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| S&P/CS Composite-20 HPI y/y | 2.6% | USD |
| HPI m/m | 0.2% | USD |
| CB Consumer Confidence | 81.2 | USD |
| New Home Sales | 651K | USD |
| Richmond Manufacturing Index | 0 | USD |