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09.08.2017 • 13:00 GMT+3
NZD/USD Retreat Raises the Volatility Stakes on RBNZ Decision
John Kicklighter
• According to overnight swaps, there is no chance the RBNZ hikes rates Wednesday evening, but certainty of one in 12 months
• With the recent retreat in the New Zealand Dollar, the low bar for a one-sided market has been altered
• My preferred Kiwi pair for a Hawkish RBNZ is NZD/CAD, Dovish is NZD/USD or NZD/JPY, and neutral has a range of options
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