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- NZD/USD set to reach the 0.7465 high by year-end – Westpac
NZD/USD set to reach the 0.7465 high by year-end – Westpac
NZD/USD retains upward momentum. A break above 0.7170 would open up the 0.7315 mark. Bigger picture, economists at Westpac expect the kiwi to hit the 0.7465 high by year-end.
RBNZ will lead NZ-US yield spreads higher
“A break above 0.7170 looking likely, in which case the next major target would be 0.7315.”
“Yield spreads have jumped in the NZD’s favour following strong inflation data, and NZD/USD appears well on track to reach the 0.7465 high, last seen in February, by year-end.”
“The economy remains on a solid footing and activity should jump once covid restrictions are relaxed (expected before December), the RBNZ will lead NZ-US yield spreads higher, and commodity prices retain a positive outlook.”
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