India, Oct. 15 -- The New Zealand dollar strengthened against other major currencies in the late Asian session on Thursday, following the hawkish comments from the Reserve Bank of New Zealand or the RBNZ Chief Economist Paul Conway.
The RBNZ Conway stated that the late-October rate decision is entirely up in the air and that the central bank continues to believe that an increase in the OCR is most likely, even though it hasn't determined when.
Market participants are still pricing in more than an 85% possibility that the US central bank would increase borrowing prices once more before the end of this year, according to the CME Group's FedWatch Tool.
Furthermore, prospects for additional Fed tightening are supported by inflation risks res...