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Goldman Sachs foresees a stable AUD/NZD, despite RBNZ's dovish stance

Goldman Sachs foresees a stable AUD/NZD, despite RBNZ's dovish stance
Goldman Sachs notes that the New Zealand Dollar (NZD) was the worst performing currency in the G10 this past week, following a notably dovish meeting of the Reserve Bank of New Zealand (RBNZ). Although the RBNZ hiked the rate by 25bps as anticipated, the bank's forward guidance fell short of market expectations.Goldman Sachs recently revised its AUD and NZD forecasts to reflect greater pressure on AUD due to weaker Chinese growth and terms of trade, and less downside in NZD owing to a more... Read More
Posted: May 30 2023, 18:48
Author Name: forexlive
Views: 102432

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