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Aug 10 - 05:00 PM
NZD: Won't Fight Dovish RBNZ But NZD/USD Getting Historically Cheap - BofAML
First appeared on eFXplus on Aug 10 - 12:30 PM

Bank of America Merrill Lynch Research discusses NZD/USD outlook in light of this week's dovish RBNZ statement. 

"The RBNZ surprised this week with a very dovish tone.

Although the market has been short NZD, this was still a surprise. The New Zealand data has been mixed, but do not justify easing, in our view.

We would not fight the central bank for now but NZD/USD is getting historically cheap," BofAML argues. 

Source:
BofA Merrill Lynch Research/Market Commentary

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