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AUD/USD and NZD/USD Fundamental Weekly Forecast – After Gloomy Central Bank Comments, Hard to Be Bullish – FX Empire
Although the Aussie edged higher last week, it was headed lower before RBA Governor Lowe mentioned the need for more fiscal stimulus.
New Zealand Dollar
The New Zealand Dollar was pressured last week by a bond rally that was sparked by the Reserve Bank of New Zealand (RBNZ) promise to extend its own purchases and, this week, speed them up as well. Additionally, central bank policymakers talked about the possibility of sub-zero interest rates.
Last week, the NZD/USD settled at .6544, down 0.0084 or -1.27%.
The RBNZ last Wednesday held its official cash rate at 0.25% in a widely expected decision and expanded its large scale …
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