RBNZ’s Wheeler: NZD outlook assumes a stronger USD

After the post-monetary policy press conference, RBNZ Governor Wheeler now makes a speech in the NZ parliament, commenting on the NZD level.

Key Quotes:

RBNZ's ability to influence currency very limited

NZD outlook assumes a stronger USD

Fed rate increase 'would certainly be helpful'

Breakeven price for dairy farm payout about NZ$5.30/kg

Meanwhile, NZD/USD has moved-off highs and now trades around 0.7125 levels, recording a 0.44% gain on the day.