NZ Treasury sees downside risks to economic forecasts, Kiwi unfazed near daily tops

Dhwani Mehta FXStreet

New Zealand’s (NZ) Treasury is out with its monthly economic indicators report, with the key takeaways found below.

Sees downside risks to economic forecasts.

Treasury cites business survey and global sentiment.

Lowered its neutral estimate of interest rates to 3.00% from 3.75%.

NZD/USD Technical Analysis: Teasing inverse head-and-shoulders breakout

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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