Kiwi Gains After Dovish Fed, But Shift in Stance from RBNZ Doubtful

The Reserve Bank of New Zealand’s decision in February sent the New Zealand Dollar on a four week decline across the board. It’s highly unlikely that RBNZ Governor Graeme Wheeler will alter his recently dovish tone at the RBNZ meeting this week, especially after Q4’16 GDP data came in at a slower pace than anticipated.