The New Zealand Dollar has weakened after the first budget of the recently elected government, despite generous spending promises, but the charts indicate the currency may yet recover.
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Monday's RBNZ appointment removes some of the NZD "uncertainty premium". Markets will now turn their attention to Thursday's budget.
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Fears that the new government will enact policies which will harm the New Zealand Dollar are over exaggerated and the currency is due a recovery in the year ahead, say analysts at Citi.
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China's pivot away from investment-driven growth will be good for currencies of countries that export consumption goods to the world's second largest economy.
Read more … →The New Zealand Dollar has weakened substantially in recent weeks and although some analysts are questioning whether it fall any lower the charts are showing a strong uptrend which keeps rallying t…
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Traders should sell the Euro against the New Zealand Dollar, according to strategists at RBC Capital Markets, as recent events mean each currency is mispriced and the tables could turn in 2018.
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The bigger picture is the NZD is oversold and inflation is rising toward its target, meaning markets could soon look for an interest rate rise from the RBNZ.
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