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- NZD/USD to gravitate back towards fair value, seen at around 0.65 – ANZ
NZD/USD to gravitate back towards fair value, seen at around 0.65 – ANZ
Kiwi’s post-US CPI rally extended this week. Economists at ANZ Bank analyze NZD/USD outlook.
US interest rates set to fall more quickly than NZ interest rates in 2024
There have been and will continue to be pullbacks, but more flexible labour markets have meant that the Fed has achieved better progress in its inflation fight, and that’ll set the scene for US interest rates falling more quickly than NZ interest rates in 2024.
All else equal, it should be a tailwind for the Kiwi’s gravitation back towards fair value, which we see at around 0.65.
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