ANZ analysts points out that the RBNZ has surprised the markets with a shift towards an explicit easing bias at its March meeting and the market pricing shifted aggressively, with 50bps of cuts priced in by the end of 2019. Key Quotes “Long-end yields have pre-empted a cut but we expect there will be another move lower once the first cut is delivered and markets open up to the possibility of a third. The Fed’s stance will likely cap any further upward moves in the long end, while there may be a brief repricing at the short end of the New Zealand curve following the RBNZ’s May meeting.” “We believe there is room for the NZD to move lower as the RBNZ is unlikely to cut just once. Buoyant commodity prices, alongside positive market risk sentiment, will provide support, but domestic challenges remain. We expect the NZD/USD to reach 0.64 by the end of this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrency market update: Cryptos back in the green led BTG and NEO FX Street 4 years ANZ analysts points out that the RBNZ has surprised the markets with a shift towards an explicit easing bias at its March meeting and the market pricing shifted aggressively, with 50bps of cuts priced in by the end of 2019. Key Quotes "Long-end yields have pre-empted a cut but we expect there will be another move lower once the first cut is delivered and markets open up to the possibility of a third. The Fed's stance will likely cap any further upward moves in the long end, while there may be a brief repricing at the short end of the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
