OctaFX | OctaFX Forex Broker
Open trading account
Back

Weak NZD will comfort RBNZ - Westpac

NZD/USD’s corrective bounce, catalysed by the strong jobs data, is unlikely to push NZD/USD much higher than 0.7000 as this week’s RBNZ MPS should be neutral for markets, according to Imre Speizer, Research Analyst at Westpac.

Key Quotes

“Thereafter, we expect a resumption of the decline which started in July and is mainly a consequence of a stronger US dollar. NZD/USD should retest the 0.6800 area.” 

“While the US dollar outlook is the main medium-term story for NZD/USD, uncertainty regarding the new government’s policies will also remain a headwind for some time.”

RBA and RBNZ to remain in focus this week – BBH

Analysts at BBH suggest that this week the Reserve Bank of Australia and the Reserve Bank of New Zealand hold policy meetings and soft inflation and r
Read more Previous

US: Focus on tax reform and Fed speak this week – BBH

Analysts at BBH suggest that in the US, the focus will remain very much on tax reform and revisions to the bill are expected to be unveiled early in t
Read more Next
Start livechat