The Pound is trending higher against the New Zealand Dollar, but near-term consolidation is possible.
The New Zealand dollar is expected to remain under pressure in the coming months, despite general softness in the U.S. dollar, according to Volkmar Baur, FX analyst at Commerzbank.
A monitor of New Zealand inflationary pressures shows inflation continues to cool, allowing the RBNZ to cut interest rates further.
New Zealand Dollar Fades
- Category: NZD
The New Zealand Dollar could be on the cusp of reversing recent gains.