- Analytics
- News and Tools
- Market News
- NZD: RBNZ remains dovish even as QE is still far off - ING
NZD: RBNZ remains dovish even as QE is still far off - ING
Petr Krpata, chief EMEA FX and IR strategist at ING, notes that markets rushed to sell the New Zealand dollar yesterday after the RBNZ revealed that it is “scoping a project” to introduce unconventional monetary policy tools.
“Given that the process is “at a very early stage”, we find it unnecessary for now to attach any probability of the RBNZ announcing quantitative easing imminently, in particular before data provides more clarity on the inflation and growth outlook. While the market may have overreacted to the news – and the New Zealand dollar may stay supported today - we still believe this has been a confirmation that more easing lies ahead. In our view, the next -25 basis point adjustment may come as early as August. When adding lingering trade-related uncertainty and the spectre of slowing Chinese demand, NZD/USD may fall towards 0.65 in the coming weeks.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
