The New Zealand dollar (NZD) is facing significant headwinds, with a potential downside of nearly 6% by the end of 2025, according to a new report from Wells Fargo Economics.
The New Zealand Dollar dropped by more than half a per cent after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 50 basis points and left the door open to another such move.
The Reserve Bank of New Zealand (RBNZ) could "pull a Fed" in more ways than one on Wednesday when it releases its OCR decision, as well as MPS with a new set of forecasts.
The New Zealand Dollar will likely brush off a sizeable 50 basis point interest rate cut from the RBNZ says an analyst we follow.