During the Asian session NZD / USD traded just below $ 0.7000, after falling last week on expectations that the Reserve Bank of New Zealand will lower its benchmark interest rate next month.
According to ANZ analysts, the central bank’s comments have led to some decline in the New Zealand dollar, but they doubt that the currency will weaken significantly in the absence of relevant global factors.
On Tuesday is scheduled for release the external trade in goods data. According to the median forecast, a positive balance of foreign trade in goods in June amounted to NZ $ 150 million against the NZ $ 358 million in May. In June 2015 the negative balance of foreign trade amounted to NZ $ 182 million.
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