FXStreet reports that economists at ANZ Bank expect the NZD to strengthen this year.
“US core inflation data disappointed, but with the passage of the stimulus and the US economy reopening as vaccinations are rolled out at pace (the US has already administered 98M doses), USD weakness is becoming harder to automatically take for granted.
The NZ story is a good one too, but other countries are now in line for their own reflation/recovery shocks. That speaks to near-term volatility rather than abandonment of our view of gradual NZD strength from here.”
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.