Kiwi Dollar Collapse Came From Washington, Not Wellington

The New Zealand dollar fell sharply after the Reserve Bank of New Zealand paired a widely expected hike with unusually cautious guidance. David Scutt, StoneX Media Senior Market Analyst, walks through why the currency moved far more than rate expectations did, and what is setting its direction. A dovish hike lands when the decision matches expectations but the messaging does not, and that gap is where currency risk concentrates. The Reserve Bank of New Zealand leaned on moderating growth, weak income growth and flat house prices rather than reacting mechanically to inflation readings. With little stripped from October pricing, the New Zealand dollar took its cue from the U.S. leg of the two-year yield spread. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share 00:00 - Kiwi Dollar Drops on a Hike 00:30 - RBNZ Warns on Weak Demand 00:58 - A Reaction Function Shifts 01:22 - October Hike Odds Get Halved 01:48 - U.S. Yields Do the Driving 02:12 - Trend Break Meets Momentum Like and subscribe for more financial market insights. #Forex #RBNZ #StoneX #DavidScutt