The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 29, the Reserve Bank of New Zealand (RBNZ) surprised markets with a hawkish decision, raising the probability of a July rate hike to 79%. On the same day, expectations for a rate hike from the Reserve Bank of Australia (RBA) were scaled back due to softening economic data and rising unemployment. Additionally, optimism over a US-Iran deal led to a drop in oil prices and a dovish repricing of global rate expectations.