Reserve Bank of New Zealand:

  • sees no immediate need to request reinstatement of USD swap line that expired in 2023
  • the Bank continues to monitor financial market developments closely

There is a mild pop in the USD against NZD and AUD, and CAD. NZD/USD, for example:

nzdusd 21 March 2023

Its on approach to 9 am in Tokyo and 8 am in Singapore and Hong Kong. Asia trade is about to get much more active.