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BNZ Weekly, June 29
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.
See... http://img.scoop.co.nz/media/pdfs/0606/WOJune29.pdf
ENDS
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