Very early days to map potential moves of NZD - this is my feel.
Likely to see a ranging trending grind up to 0.75 area ( white box ) until further development with news and data.
RBNZ expected to have one more rate cut by year end and Fed outlook for rising rates decreasing - see where the market will take us.
No matter what Wheeler says - I am bullish on the Kiwi unless a 50 basis point rate cut is dropped by RBNZ or Fed rises rates by year end - against market expectations as it develops
Likely to see a ranging trending grind up to 0.75 area ( white box ) until further development with news and data.
RBNZ expected to have one more rate cut by year end and Fed outlook for rising rates decreasing - see where the market will take us.
No matter what Wheeler says - I am bullish on the Kiwi unless a 50 basis point rate cut is dropped by RBNZ or Fed rises rates by year end - against market expectations as it develops
