In this week, there have important economy events which flow through into NZD performance. On Tuesday (London trade time), GDT index will be published. After 2 continuous negative changed on GDT index, expected it will not be good reading in this time. Then, RBNZ rate announcement will be on Thursday (Asia trade time). According to market consensus, its rate will remained unchanged and RBNZ keep their view on NZ inflation
lower expectation. If not hawkish sign appear on its statement, NZD shall be depreciated on the time prior to next rate announcement on May.