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Forex pairs in this Article » NZD/USD
FXstreet.com (Barcelona) - Following the poor unemployment report, a 13-year high at 7.3%, and now disappointing retail sales figures for Q3, there is growing speculation that the RBNZ might cut rates in the spring. "RBNZ Governor Graeme Wheeler said at the end of October that the government's consolidation measures, which are aiming for a budget surplus in 2015, are putting pressure on the economy with the strong NZD weighing on exports", wrote analyst Antje Praefcke, awaiting further economic data before expecting the RBNZ to change from a neutral to a dovish bias, but the NZDUSD is likely to stay above 0.8100-20 for the time being.
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