Outlooks for the New Zealand dollar in the one to three month window
- Friday 29 March update
- By year end, we expect to see it lower at 0.6600, if the Fed activates its final hike and the US economy remains strong.
- Although fundamentals (commodity prices and interest rates) argue the cross should be higher (fair value is 1.09), global risks plus mixed AU economic data plus AU political risks are headwinds. We forecast the RBA will cut twice in 2019, while retaining our on-hold forecast for the RBNZ. The cross is likely to remain below 1.06.
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