A quick note issued on the NZD from Westpac, dated April 3
- The US dollar remains in a two-month old sideways range, which means further sideways ranging in NZD/USD is possible during the month ahead.
- Further out, though, we are bearish.
- The NZ-US interest rate advantage is rapidly shrinking and should eventually weigh, pushing NZD/USD towards 0.69 by mid-year
Earlier from NZ:
- New Zealand - ANZ Consumer Confidence for March: +0.2% m/m (prior +0.6%)
- New Zealand Government financial statement update: surplus larger than forecast
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And, earlier from Westpac, this time an updated view for the AUD:
Oh, and still on the AUD, plenty to come today:
