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- NZD/USD to stop its decline at 0.71, rally set to resume – Westpac
NZD/USD to stop its decline at 0.71, rally set to resume – Westpac
FXStreet reports that economists at Westpac discuss NZD/USD prospects.
“As long as 0.7100 holds, we will remain bullish, targeting 0.7500 multi-month. The Budget will show a dramatic improvement in NZ’s fiscal position compared to the Half-Year Update. Tax revenue and the operating balance tracks will show large upward revisions, and with a sharply lower debt track, Treasury will pare back bond issuance plans. While banking some of this upside surprise, the Government has also indicated that it will dial up its spending and investment plans, thereby maintaining its stimulatory settings.”
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