NZD/USD, NZD/JPY Outlook: RBNZ's cautious stance on rates faces scrutiny

New Zealand Dollar Outlook

The New Zealand dollar is benefiting from a supportive economic environment, with favorable interest rate gaps, strong investor sentiment, and positive trends in Asian markets all contributing to its recent gains. The latest results from the ANZ Business Outlook survey further bolster this optimistic view, although they add complexity to the Reserve Bank of New Zealand's interest rate discussions.

After breaking out in January, NZD/USD has entered a consolidation phase, but the overall upward trend remains. Meanwhile, NZD/JPY is trying to extend its rally following a bullish move on Wednesday; however, limited buying momentum makes the short-term outlook less certain.