新西兰元兑美元汇率在0.564美元左右，接近4月初以来的最低水平，通胀前景疲软增加了进一步货币宽松的预期。商业通胀预期显示，关键政策期限为两年，维持在2.28%不变，而一年期预期小幅上升至2.39%，在新西兰储备银行1%-3%的目标范围内，这表明价格压力预计将在短期内得到控制。调查还显示，大多数受访者预计央行将在本月晚些时候的会议上降息。市场普遍预计将下调25个基点至2.25%，在失业人数不断增加和经济接近第二次衰退的情况下，进一步下调50个基点的可能性很小，这将使新西兰元承受压力，并接近抹去今年对美元的所有涨幅。

The New Zealand dollar traded around $0.564, near its lowest level since early April, as a subdued inflation outlook added to expectations of further monetary easing. Business inflation expectations showed two-year projections, the key policy horizon, unchanged at 2.28%, while one-year expectations edged up slightly to 2.39%, within the RBNZ’s 1%–3% target range, suggesting price pressures are expected to remain contained in the near term. The survey also showed that most respondents expect the central bank to cut rates at its meeting later this month. Markets largely anticipate a 25 bps reduction to 2.25%, with a small 10% chance of a deeper 50 bps cut, amid mounting job losses and the economy nearing a second recession, keeping the New Zealand dollar under pressure and close to erasing all its gains against the US dollar this year.