Macroprudential discussion resumes in New Zealand - RBS

FXStreet (Bali) - A macroprudential discussion has re-started in New Zealand, a factor that could limit strength in NZD, notes Greg Gibbs, FX Trading Strategist at RBS.

Key Quotes

"A macroprudential discussion has re-started in New Zealand. This could be a factor limiting strength in NZD."

"However, it remains to be seen what measures may be introduced. Australia introduced its own modest macroprudential measures in December aimed at toughening lending conditions for investors. New Zealand may take a similar tack."

"It is possible that Australia will also seek to toughen its macroprudential stance if its housing market responds too aggressively to its rate cut last week. We continue to see further downside in AUD/USD and AUD/NZD, but need to be wary of New Zealand moving quickly and more aggressively on fresh macroprudential measures."

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