NZD/USD aims to recapture 0.6200 despite Fed prepares for second 25 bps rate hike

NZD/USD aims to recapture 0.6200 despite Fed prepares for second 25 bps rate hike – by Sagar_Dua24 NZDUSD Fed RBNZ DollarIndex Inflation

asset looks solid despite the Federal Reserve is preparing for a consecutive 25 basis point rate hike for its March monetary policy.

is struggling in maintaining its auction above 103.20 as investors are still not convinced that a liquidity influx of $30 billion into the First Republic Bank would safeguard it from the debacle.through the Dot plot, inflation projections, and updates on the banking fiasco will be of utmost importance. Economist at UOB Group Lee Sue Ann suggested the Fed is likely to raise the Fed Funds Target Range by 25 bps at both its March and May gatherings.

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