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30 Jun 2015
NZD/USD weakness is on RBNZ expectations - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted the change of mood in NZD/USD.
Key Quotes:
"The Federal Reserve will update its measure of the real broad trade weighted dollar for June."
"It likely fell for the third consecutive month. Lastly, here in Q2 the dollar fell against all the major currencies but the yen and New Zealand dollar."
"The story behind the Kiwi's weakness is the swing in expectations. RBNZ cut rates once and hinted at an additional rate cut (or two). The Kiwi lost about 9.5% this quarter."
Key Quotes:
"The Federal Reserve will update its measure of the real broad trade weighted dollar for June."
"It likely fell for the third consecutive month. Lastly, here in Q2 the dollar fell against all the major currencies but the yen and New Zealand dollar."
"The story behind the Kiwi's weakness is the swing in expectations. RBNZ cut rates once and hinted at an additional rate cut (or two). The Kiwi lost about 9.5% this quarter."