New Zealand dollar outlook for 1 to 3 months, this the latest via Westpac, in brief

  • RBNZ has demonstrated its willingness to take bold steps
  • means markets are likely to remain dovishly positioned for some time
  • In contrast, the Fed is more measured, which means the NZ-US yield spread is likely to weigh on NZD/USD.
  • In addition, slowing global growth and trade wars will be headwinds.
  • All this suggests further downside potential for NZD/USD, with 0.6130 possible over the next few months