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
- 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.
- 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:
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