RBNZ's McDermott: NZD overvalued from long term perspective

FXstreet.com (Barcelona) - RBNZ Assistant Governor Dr John McDermott is delivering a speech in Wellington titled "influences on the exchange rate". One of the key headlines read "the Reserve Bank believes that, from a long-term perspective, the exchange rate is overvalued", and that "the high exchange rate is contributing to economic imbalances", adding "the Reserve Bank would like to see it lower in order to promote more sustainable economic growth."

Nov 22, 2013

Flash: Potential for a higher EUR/AUD, near term - ANZ

Conflicting headlines with regards to monetary policies from different ECB members coupled with the crossfire of headlines from other central banks all over the world, are setting the stage for further uncertainty and volatility in the markets, leading to some nasty moves in the AUD or EUR, recently, notes Brian Martin, FX Strategist at ANZ.

Highlights from RBNZ's McDermott speech

Below we have highlgihted the key statements from today's speech by NZ Reserve Bank Assistant Governor and Head of Economics Dr John McDermott.