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NZ 'barometer' forecast says sideways for the NZD, ASB disagrees

Via ASB in New Zealand, their forecasting 'barometer' report for the NZD/USD in 2016

In brief (bolding mine):

  • The NZD has been trading between 0.6400 and 0.6900 recently, and businesses expect this to continue
  • In contrast, we expect the NZD can drop further over the year ahead, and re-test recent lo ws
  • The NZD's drop over the past year is not expected to flow through to higher prices for a high proportion of firms

What is the ASB Kiwi Dollar Barometer?

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What is the ASB Kiwi Dollar Barometer?

  • It tracks exporters', importers' and importer/exporters' exposures to foreign exchange risk, through surveying businesses with annual turnover of at least NZ$1 million
  • The Barometer also surveys businesses' expectations for the NZD/USD and businesses' hedging plans for managing foreign exchange risk, as well as special questions on topical issues in the FX markets

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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