FXStreet (Bali) – NZ FiMin English crossed the wires over the weekend, saying that interest rates may fall further, adding that rates will stay lower for longer.
While not surprising, given the dovish stance by the RBNZ, it is a factor, together with the weak Chinese PMI over the weekend, having weighed on the Kiwi at the Asian open.
(Market News Provided by FXstreet)