Some early news crossing on NZ
HSBC's outlook for the Reserve Bank of New Zealand meeting (on June 9) is for the bank to hold the cash rate at its current 2.25%
via Bloomberg with the early headline
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NZ/US is around 0.6694
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More detail from HSBC
- Cite strong growth, inflation expectations have lifted a little (inflation expectations are still a concern for the central bank though
- Say a Fed rate hike may ease some of the upward pressure on the NZ dollar
