The price of the New Zealand dollar continued to rise after the statements of the Reserve Bank of New Zealand about the economic situation in the country and the future plans of the regulator concerning monetary policy. According to him, the interest rate was raised by 0.25% to 2.75% and in the next two years will increase by 200 points, besides he mentioned that the country is experiencing a strong economic growth, but inflationary pressure in country increased.
In this regard, we are reviewing the long-term negative outlook for the New Zealand dollar. It should be remembered that for the national economy remained downside risks concerning economic growth in China and Australia.
We expect continued growth of NZD/USD in the medium term.
Wish you the profits!
FXFINPRO Capital Analytical department.