- Analytics
- News and Tools
- Market News
- NZD/USD to see a mild strength to 0.70 by year-end – ANZ
NZD/USD to see a mild strength to 0.70 by year-end – ANZ
The kiwi has held up well despite global risk sentiment fading. Economists at ANZ Bank expect the NZD/USD pair to trade at 0.70 by the end of 2022.
Still mixed views on how things will unfold
“While higher oil prices aren’t a positive for NZ, the generalised rally in commodity prices is, and the NZD seems to be able to latch on to any thread of positivity at the moment.”
“Our forecasts call for a mild further strength by year-end (0.70) but we also acknowledge risks of a hard landing, which is becoming a bigger talking point in markets as each day passes. Ahead of expected back-to-back 50bp OCR hikes we think NZ short end rates haven’t yet peaked; all else equal that’s likely to limit how much lower the NZD might be able to go (until the Fed catches up).”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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 pr@teletrade.global.
Bank transfers
