According to a story over the newswires, some economists are looking for a rate rise as soon as September (that’s 2013 just so as there is no confusion). i am not a huge fan of economists, i mean just look back to the recent rate cut in Australia. Apparently the futures market is only pricing in a 30% chance of a rate cut at this stage by the RBNZ. If you think their is a chance of a rate rise in NZ then short AUD/NZD is the play for you.
The Kiwi is suffering at the hands of the stronger USD with the Kiwi looking like heading back to the 2013 lows.
