NZD to follow US yields, RBNZ to stay out of the way

Posted on March 21st, 2017

The NZD is one of the most over-valued currencies compared to its long-run average real effective exchange rate and its historically low yield advantage.  In a rising global yield environment, where global investors lose interest in squeezing every last bit of juice from somewhat higher yielding assets, the NZD should under-perform.  Indeed, in recent months, […]