Kiwi may suffer on tighter monetary conditions - IMF

FXStreet (Bali) - The IMF is out with a note saying that the Kiwi would drop if global monetary conditions tightened.

According to the IMF: "Economic expansion becoming broad based, underlying price pressures may be building even as high exchange rate damps tradable inflation."

Peter Fell, Editor at FXBeat, notes: "The IMF had previously stated the kiwi is between 5 and 15% overvalued, but with a roaring economy and rising interest rates, the drop in the bird might have to wait awhile."