Updated NZD view - Fed to send it up, RBNZ to send it back down again

Author: Eamonn Sheridan | Category: News

Westpac have updated their short term outlook for the New Zealand dollar.

In summary:
  • Higher in the next few weeks if the Fed delivers dovish guidance with its 25bp rate cut on 31 July
  • WPAC mention potential for 0.6750
  • In August, the RBNZ should cut the OCR, noting the soft patch in the economy
  • which should send the NZD below 0.6600

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Note RBNZ meeting announcement is August 7





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