NZD/USD: US Dollar softening can take Kiwi to 0.65 by year-end – ING NZDUSD RBNZ AUDNZD Banks
The Reserve Bank of New Zealand defied hawkish expectations at the May meeting. Economists at ING discuss RBNZ's policyThe latest round of tightening and the risk of the RBNZ having underestimated inflationary risks mean another hike or even two by year-end cannot be excluded.
The room for a hawkish repricing is quite large but NZD can also be hit by more domestic tail risks – mostly related to the real estate market – than AUD, so we don’t see a strong bearish case for AUD/NZD. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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