The RBNZ met last night and announced that it would be continuing holding rates at 5.50% for the foreseeable future. Although broadly happy with domestic labour and inflation readings, it still notes the potential for inflation to surprise them, particularly with core inflation remaining sticky around the world.
The NZDUSD pair has a really interesting seasonal pattern for the next two months. It really is a game of two halves. July has been the second strongest month for the NZUSD and August has been the weakest for the NZDUSD over the last 15 years.
From July 13 to July 29, the NZDUSD pair gained 66.67% of the time with an 0.71% average return. However, from July 31 to August 31 the NZDUSD pair has fallen just under 75% of the time with an average fall of 2%. So, what is ahead for the NZDUSD? Will these twin seasonal patterns play out this year?
Major Trade Risks: Previous seasonal patterns do not play out every year, and don’t forget that the US rate path can also strongly impact the NZDUSD.
Our products and commentary provides general advice that do not take into account your personal objectives, financial situation or needs. The content of this website must not be construed as personal advice.
Recommended Content
Editors’ Picks

Gold gives away some gains, slips back to $2,980
Gold retraced from its earlier all-time highs above the key $3,000 mark on Friday, finding a footing around $2,980 per troy ounce. Profit-taking, rising US yields, and a shift to a risk-on environment seem to be putting the brakes on further gains for the metal.

EUR/USD remains firm and near the 1.0900 barrier
EUR/USD is finding its footing and trading comfortably in positive territory as the week wraps up, shaking off two consecutive daily pullbacks and setting its sights back on the pivotal 1.0900 mark—and beyond.

GBP/USD remains depressed, treads water in the low-1.2900s
GBP/USD is holding steady in consolidation territory after Friday’s opening bell on Wall Street, hovering in the low-1.2900 range. This resilience comes despite disappointing UK data and persistent selling pressure on the USD.

Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound
Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.

Week ahead – Central banks in focus amid trade war turmoil
Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.