9 Jun 2014
RBNZ: Dovish risks this week - RBS
FXStreet (Bali) - The RBNZ meets this week and the RBS FX Strategy Team sees risks favouring a more dovish result.
Key Quotes
"Amid a still-strong currency and falling dairy prices, the impetus to hike interest rates for a third consecutive month in June is not as clear as the market has priced in."
"A pause by the RBNZ next week and/or a signal that the Bank may pause and assess the merits of future hikes at its meeting next week leaves us expecting NZD downside next week."
Key Quotes
"Amid a still-strong currency and falling dairy prices, the impetus to hike interest rates for a third consecutive month in June is not as clear as the market has priced in."
"A pause by the RBNZ next week and/or a signal that the Bank may pause and assess the merits of future hikes at its meeting next week leaves us expecting NZD downside next week."