Currency Analyst since 2010

NZD: pressure on kiwi may increase


Release: New Zealand’s GDP

Time: 22:45 GMT

Previous: 1.0%

Forecast: 0.6%

Analysts at UniCredit point out that New Zealand Q2 GDP data are not expected to offer greater relief to the kiwi dollar, as growth has likely decelerated on the quarterly basis, providing another reason for the RBNZ to take a break on the rate-hike process.

According to UniCredit, the recovery of NZD/USD back above $0.8200 may thus prove to be short-lived.



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