OctaFX | OctaFX Forex Broker
Open trading account

New Zealand: RBNZ to retain a conditional easing bias – Westpac

Strategists at Westpac Institutional Bank would be expecting a shift to neutral bias from the Reserve Bank of New Zealand (RBNZ) if coronavirus had not outbroken. They have also lowered their near-term outlook for the NZD/USD.

Key quotes

“We expect the RBNZ to retain an easing bias at its Monetary Policy Statement on Wednesday, although it will probably be described as a conditional one, dependent on the impact of the coronavirus pandemic.” 

“The OCR forecast will probably continue to show a terminal rate of 0.9% which effectively signals a rate cut as a 50/50 likelihood.”

“NZD/USD lower near term to sub-0.6400, affected by global concerns about coronavirus epidemic. Then possible rebound to 0.6600 as NZ economic outperformance is recognised, but ongoing global risks will weigh.”


USD/CHF consolidates last week's gains below 0.9800

Supported by the USD's impressive performance, the USD/CHF pair added more than 100 pips last week and closed at its highest level of 2020 at 0.9782.
Read more Previous

EUR/USD: The US dollar will remain strong – Danske Bank

Thomas Harr, PhD, Global Head of FI&C Research at Danske Bank does not expect a recovery for the euro while some investors argued that the risk is hig
Read more Next
Start livechat