Currency Analysis Report 5-8-19…More Downside Risk On Kiwi Too

In March Governor Adrian Orr hinted at a easing bias. In an interview with Bloomberg last month, Orr confirmed that a rate cut in May was possible, but he also said it was a difficult decision and there were some reasons not to act, such as a shortage of skilled labor and record export prices.

Because of the trade war the last 18 months, New Zealand’s economy has cooled, with annual growth slowing to 2.3 percent last year from 3.4 percent in 2017. Like the Aussie Dollar, as China goes, the Kiwi goes.

Last night, New Zealand’s central bank cut rates

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