New Zealand is on observe for its election, date is Saturday 17 October 2020.

A snippet from Citi on the kiwi $ heading into the date. Analysts on the financial institution stay bearish into the election citing 

  • renewed dovishness recommended by the RBNZ
  • widening present account deficit

On NZD/USD: 

  • We consider there can be a break of the August low (round 0.65) this month, and on this case, the lows in late June (round 0.64) are prone to be examined. 

On AUD/NZD

  • including AUDNZD on dips, a cue may come in the present day on the RBA Minutes or p[maybe with Thursday’s job market information.

ps. on the RBA minutes due in the present day, preview:

New Zealand is on track for its election, date is Saturday 17 October 2020.
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