Flash: AUD/NZD risks remain to the downside – RBS

FXstreet.com (Barcelona) – New Zealand business confidence came very strong, with the overall confidence figure up from 53.2 to 60.5, a high since 1999, which reinforces the bearish views on the AUD/NZD, notes Greg Gibbs, FX Strategist at RBS.

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“Also, the RBNZ today released the first month’s data on new mortgages after it introduced its restrictions on high-LVR loans. It reveals a sharp fall in these loans in line with the RBNZ policy. The RBNZ is delaying its first rate hike as it waits to see the impact of these restrictions on the housing market and broader economy. This …read more