New Zealand Dollar Sell Off Tests Key Support


For the kiwi there is also the election risk which is due on September 23

The probability of either of the two largest parties obtaining an outright majority is extremely low which adds to problem of getting things done. From there government policy (or lack thereof) may potentially serve as a headwind to growth.

The pre election revision and NZ government having already revised lower its forecast for growth but any poor economic data in next month will undermine even that IMO