Room for NZD to strengthen further in near-term – MUFG

The New Zealand Dollar has been one of the best performing G10 currencies in September. Economists at MUFG Bank analyze Kiwi’s outlook ahead of RBNZ’s Monetary Policy Review.

RBNZ to provide a more hawkish signal

We believe there is room for the NZD to strengthen further in the week ahead. 

The RBNZ is expected to adopt a more hawkish policy stance in response to the unexpected resilience of the New Zealand economy.

See: NZD/USD has reasonable poise heading into this week’s RBNZ – ANZ