✔ NZDUSD Analysis
27 sep 2017
New Zealand Dollar has fallen sharply before the release of the New Zealand Reports. New Zealand’s election results have only increased the distrust of the country’s political outlook. In addition, there are many reasons why the New Zealand Reserve Bank is forcing the monetary policy to remain unchanged. In the latest monetary statement of the New Zealand Reserve Bank, the bank was not interested in raising interest rates. In contrast, the bank expressed concern over the high value of the New Zealand dollar, saying it has no particular idea about the interest rate.
From the last meeting of the New Zealand Reserve Bank, up to now, we have seen improvements in economic indicators and we were witnessed of the weakening the economic indicators. Inflation and housing activities have been improved, but expenditures on credit cards reduced and the growth of economic services have slowed down
. New Zealand’s trade surplus has also shifted to a large trade deficit unprecedented in the last year. The New Zealand dollar has been significantly weakened. However, the change in New Zealand’s economic performance is not such that it could push the central bank in a position to change monetary policy. However, if the central bank continues to behave Cautiously well, the New Zealand dollar will continue to its descending trend. not to change interest rates in New Zealand and the possibility of rising interest rates in other major central banks in the world are at the expense of the NZD.