{"id":51983,"date":"2021-10-05T19:48:18","date_gmt":"2021-10-05T15:48:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=51983"},"modified":"2021-10-06T11:16:10","modified_gmt":"2021-10-06T07:16:10","slug":"after-norway-will-new-zealands-fed-be-second-to-effect-hike-rates","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/after-norway-will-new-zealands-fed-be-second-to-effect-hike-rates\/10\/05\/market-updates\/","title":{"rendered":"After Norway, Will New Zealand\u2019s Fed be second to effect hike rates?"},"content":{"rendered":"\n<p>New Zealand\u2019s dollar declined 0.34% to $0.6939, away from a four day peak at $0.6981.<br><br>The Reserve Bank of New Zealand will decide on the state\u2019s fiscal policy on Wednesday, with markets expecting a quarter point rate hike. With markets already pricing a rate hike cycle, the likelihood of material NZD upside remains low. <br><br>The New Zealand dollar held close to the previous session\u2019s four-day high of $0.6981, changing hands at $0.6960 after three days of gains.<br><br>The Federal Reserve will almost start unwinding stimulus from next month and New Zealand on Wednesday is expected to become the second developed country after Norway to hike rates.<br><br>The U. S. currency also benefited from high safe haven demand amid concerns spanning the risk of global stagflation to the U.S. debt ceiling debate.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand\u2019s dollar declined 0.34% to $0.6939, away from a four day peak at $0.6981.The Reserve Bank of New Zealand will decide on the state\u2019s fiscal policy on Wednesday, with markets expecting a quarter point rate hike. With markets already pricing a rate hike cycle, the likelihood of material NZD upside remains low. The New &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51987,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6867,7664,6918,7173],"class_list":["post-51983","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-federal-reserve","tag-interest-rate-hike","tag-nzd","tag-nzd-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51983"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51983\/revisions"}],"predecessor-version":[{"id":51988,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51983\/revisions\/51988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51987"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}