According to our analysts, the NZD/USD currency pair might fall in the medium-long term. The U.S. economy is in a good shape. In 2018, so far, employment and GDP growth have continued to look solid.
Even if the charts show a tight range for this pair in the short term, the New Zealand dollar is expected to fall in the next 3 months. On the other hand, the economy of New Zealand doesn’t meet the most of the analysts’ expectations. New Zealand has its youngest-ever female Prime Minister after a minority party threw its support behind Labour leader Jacinda Ardern.
Important data this week
On Tuesday, will be expected important data from the USA: US CPI MoM (+0.2% expectation; +0.3%previously) and US CPI YoY (+2.2% expectation +2.1% previously). New Zealand Current Account Balance YTD (-2.6% expectation; -2.6% previously) will be waiting on Wednesday. On Thursday, will be released New Zealand GDP QoQ (+0.8% expectation; +0.6% previously), and New Zealand GDP YoY (+3.1% expectation; +2.7% p reviously).