The Kiwi Dollar is facing a significant rout as concerns over a slowing domestic economy and the potential for looser monetary policy by the RBNZ continue to weigh. The NZD continued to slide last week, as the market started to price in the impact of a potential rate cut by the Reserve Bank of New Zealand. In recent months, the New Zealand economy has started to slow, in line with its major trading partners, Australia and China. Despite some recent positive results in the Global Dairy Trade (GDT) auction the nation is still facing diminished demand for its exports as the global macro-economy slows. In fact, the ANZ Commodity Price Index has turned relatively sour, and has demonstrated consistent contraction over the last five months. This coupled with
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