Analysts as Barclays see a continued weakening of the NZD as one of their top trends for the third quarter.
"NZD weakness has been a standout in Q2 2015. Important multi-year range breakouts in NZD/USD and crosses such as GBP/NZD set the stage for further NZD depreciation in the weeks and months ahead," they wrote in a note last week. "We also expect NZD to underperform relative to the AUD."
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However, not everyone is as pessimistic on the Kiwi dollar. Analysts at SocGen believe "soft fundamentals and rate cuts are already discounted," and "the market is likely to unwind its shorts after the probable cut at this week's meeting."
"A near term bounce from 0.65 (NZD/USD) followed by sideways consolidation is the most likely price development for the kiwi," they added.
OK, so the New Zealand dollar and the Australian dollar may not score a century this year -- something the Baggy Green and Black Caps are more used to (that is the last cricket insider joke, I promise) -- but aren't we (except for SocGen) a little too gloomy here?
Demand for commodities, be it dairy or iron ore, from China is weakening, but the country's government is throwing all of its available stimulus at the Chinese economy. There is no hard landing in sight.
Plus, we have known for two years now that the Fed will tighten monetary policy. No surprise here.
The world economy is growing, and excessive currency moves usually invite a bounce back. And bouncing back is exactly what the Australian team have done against England right now.
The hope for New Zealand and its economy and currency is that it will do the same.