BNZ sees downside risk to kiwi already trading below fair value estimate

Thu, 05 Jul 2018

By Rebecca Howard July 5 (BusinessDesk) - Global risks coupled with domestic forces are weighing on the New Zealand dollar and Bank of New Zealand says its fair value estimate of 70 US cents faces downside risks that could push it even lower. "The biggest near-term risk we see for the NZD is the ongoing pressure seen in emerging market asset prices," which has coincided with a recovery in the US dollar, says senior markets strategist Jason Wong. He said domestic forces are also negative for the kiwi dollar and New Zealand monetary po...

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