Welcome to the June 29 edition of the BNZ Weekly Overview.
The Kiwi dollar has fallen back below 60 cents this week on the back of some recent weak current account and merchandise
trade numbers and with the US dollar firming against other currencies in expectation of monetary policy being tightened
by the Federal Reserve. This week we take a look at some data showing the appalling deficiency of financial assets for
New Zealand households, take a look at the various factors we expect to continue placing downward pressure on the New
Zealand dollar, and have a quick look at prospects for overseas growth.
ENDS