Disliked... "This metric suggests the NZD is overvalued by 11.6%, which is not all that far below last April's valuation extreme of 16.3%." http://news.forexlive.com/!/anz-fore...d-nzd-20160226Ignored
would like to highlight the above link and this paragraph in yesterday's statement, page 3:
"The trade-weighted exchange rate is more than 4 percent higher than projected in December, and a decline would be appropriate given the weakness in export prices."
here's the full statement: http://www.rbnz.govt.nz/-/media/Rese...6/mpsmar16.pdf
Good luck friends