Markets expect a softer tone by the RBNZ - TDS

FXStreet (Bali) - Markets do expect a softer tone by the RBNZ this week, according to the TDS FX Strategy Team.

Key Quotes

"No one expects a rate cut at this meeting, but markets do expect a softer tone, if not an outright easing bias. While the RBNZ “should” cut in our view, official noises suggest otherwise, so this should be a NZD-positive event."