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 Weekly Outlook for Nzd

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Join date : 2012-01-25

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PostSubject: Weekly Outlook for Nzd   Weekly Outlook for Nzd Icon_minitimeMon Sep 17, 2012 10:59 am

Weekly Outlook for Nzd


Quotes from Barclays Capital:
-While the RBNZ stayed on hold last week, maintaining a constructive view of NZ economy, local data, especially Q2 unemployment data, have been rather soft lately. We expect NZ Q2 GDP (Thursday) will be a local risk event for NZD this week, especially for AUD/NZD-cross, which has been sensitive to relative economic data surprises between Australia and NZ. We are in line with consensus looking for 0.4% q/q (cf. 0.4%).

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