FXStreet (Edinburgh) – Analysts at BBH expect the Kiwi dollar to be under pressure in light of Governor Wheeler’s speech tomorrow.
Key Quotes
“The shorts are concerned that Wheeler may build on the recent RBNZ statement that had dropped references to the need for currency depreciation”.
“He may recognize that the past currency depreciation may boost price pressures”.
“This would be understood as a signal that there may be less rate cuts in the pipeline than many suspect”.
“The RBNZ has unwound half of its mini-tightening cycle”.
(Market News Provided by FXstreet)