Could the RBNZ throw cold water on Kiwi’s recent run?
Our Event Guide for the RBNZ May Policy Decision suggests that the central bank could hint at another rate cut, if not slash its rates by a larger 50 basis points. That would be a shocker, but not out of the question given global headwinds.
If the RBNZ leans more dovish than expected, EUR/NZD and NZD/CHF could set up some interesting trade opportunities as the Kiwi gives back some of its recent strength.
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