NZD/USD: economic situation assessment by RBNZ will be presented on Thursday Fundamental analysis for 19.07.2016.

Forex analytics: The NZD sharply fell last Thursday after the news that RBNZ would present economic situation assessment on 21 July. Today, the decline continued due to a statement made by RBNZ that the Bank was going to tighten mortgage conditions. Real estate market is overheated, especially in the big cities of New Zealand; mortgage loans amount up to 55% of the assets in the banking system. RBNZ plans to ...