- Analytics
- News and Tools
- Market News
- NZD/USD to reverse its bearish trend later in the year – ANZ
NZD/USD to reverse its bearish trend later in the year – ANZ
It is a story of USD strength at the moment. However, economists at ANZ Bank expect NZD/USD to move back higher later in the year.
It will be difficult for the NZD to outperform against the AUD
“We view the USD as overvalued based on our fair value estimate, although it’s hard to push back against USD strength right now in the context of rapidly rising central bank expectations.”
“Given strong commodity prices and higher interest rates, we should see the NZD strengthen against the USD later in the year as the USD softens.”
“With markets bringing forward expectations for hikes by the RBA, it’ll be difficult for the NZD to outperform against the AUD for now.”
© 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
