New Zealand dollar outlook for 1 to 3 months, this the latest via Westpac, in brief
- RBNZ has demonstrated its willingness to take bold steps
- means markets are likely to remain dovishly positioned for some time
- In contrast, the Fed is more measured, which means the NZ-US yield spread is likely to weigh on NZD/USD.
- In addition, slowing global growth and trade wars will be headwinds.
- All this suggests further downside potential for NZD/USD, with 0.6130 possible over the next few months
