18.07.2016 - We forecast a drop of the New Zealand dollar

Price of the New Zealand dollar has continued to fall after today has been published the data on the index of consumer prices in New Zealand, which was 0.4% in the second quarter, which is 0.1% less than the forecast. Earlier in the Reserve Bank of New Zealand announced its intention to lower interest rates in case of keeping inflation low. In connection with this opportunity, as well as on the background of the expected strengthening of the US dollar, we are waiting for the continuation of the negative dynamics of prices with the nearest targets at 0.6970 and 0.6820.

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