NZD/USD ended the week a lot lower. Economists at ANZ Bank analyze Kiwi’s outlook. Q3 CPI key for the RBNZ, and by extension, short-end rates and NZD
The Kiwi hasn’t quite mapped out a triple-bottom, but it came close , and the technical outlook will sour if it makes a new cycle low.
Although there were elements of surprise in the election result, it broadly matched polls, and the strong result for the opposition removes a source of uncertainty, coalition talks notwithstanding. Q3 CPI is out today; it’ll be key for the RBNZ, and by extension, short-end rates and the Kiwi.
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