NZ's SkyCity Records NZ$143M Loss
- Category: NZD
SkyCity records an NZ$143m loss, with the threat of NZ regulation and licensed competition looming.
The Pound should see further consolidation against the New Zealand Dollar this week, with risks staying to the upside.
The New Zealand dollar (NZD) is expected to remain under pressure in the near term, with analysts at ANZ Research maintaining a mid-year target of 0.55 against the U.S. dollar.
The Pound has reached its highest level since December 2015, but now looks prone to a pull back in order to correct from overbought conditions.