The New Zealand dollar rose to around $0.596 on Friday as expectations grew that the Reserve Bank of New Zealand would continue tightening monetary policy this year. Economists widely expect the RBNZ to raise its cash rate by another 25 basis points next week, and two-thirds anticipate at least one additional increase, potentially taking the rate to 3% or higher by December. The outlook follows the RBNZ’s first rate increase in more than three years in July, when the central bank said further tightening could be needed to bring inflation back to its target. The kiwi nevertheless remained down 0.2% for the week. Investors were also awaiting Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech for indications about the likelihood of a September rate move. Geopolitical uncertainty continued to weigh on risk-sensitive assets after reports that President Trump was no longer interested in reviving the June agreement with Iran.