Another rate of 25 basic points by the New Zealand Bank reservation on May 28 seems likely. The markets are assessing it in their entirety, after the previous indications of the RBNZ that growth remains a great concern, the FX analysts of ING, Francesco Pesole and Chris Turner point out.
Commercial tensions between the USA and China can take the Aud/NZD to 1.10-1.11
“However, the market assessment for two additional cuts after May seems a bit too dovish since the uncompable inflation remained high at 4% and the unemployment rate stabilized in 5.1% in the first quarter.”
“The Kiwi dollar should continue to act as a minor beta version of the AU to trade news. A larger unworthy in commercial tensions between the USA and China can take the aud/nzd back to the area of ​​1.10-1.11 where it was traded earlier this year.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
