“Any sign of softening will see markets bring forward expectations of rate cuts. Tough talk on interest rates may provide further opportunities to sell New Zealand dollars.”
“It is difficult to see the New Zealand dollar stage any kind of sustainable rally. Data is likely to portray softer growth than the Reserve Bank's projections.”
“The sticking point for the Reserve Bank is still inflation. It is likely to be September before the bank is comfortable that pressures have dissipated enough.”
“U.S. dollar weakness will see the New Zealand dollar test higher levels. With the prospect of less support from interest rates, the U.S. dollar fell across the board.”
