Economists at CIBC Capital Markets expect NZD/USD to weaken to 0.57 through Q4 of this year NZD/USD to rebound towards the 0.63 level by Q4 2024 We co
ntinue to disagree with the full hike priced for the RBNZ by April 2024, and instead think that the RBNZ will begin cutting rates in Q2 2024 in order to keep real rates from becoming too restrictive. These headwinds support our call for .
We expect NZD/USD to rebound towards the 0.63 level by Q4 2024, as the USD comes off overvalued levels and the terms of trade support the currency. El Nino is likely already impacting New Zealand’s terms of trade, and it will continue to boost the NZD as it strengthens into next year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NZD/USD retreats to near 0.5850 as US Dollar revives in a data-packed weekNZD/USD faces a sell-off near the 0.5880 resistance as the US Dollar rebounds strongly. The Kiwi asset retreats as investors rush to the US Dollar. Th
Lire la suite »
NZD/USD reverses its course amid US Dollar’s strengthOn Tuesday, the NZD/USD failed to hold its momentum, which saw the pair rising to 0.5870 and then settling at 0.5840 trading with mild losses. Followi
Lire la suite »
NZD/USD recovers recent losses on improved market sentiment, trades above 0.5850NZD/USD retraces recent losses, trading at around 0.5860 during the Asian session on Wednesday. The uptick is influenced by improved risk sentiment, w
Lire la suite »
NZD/USD Price Analysis: Hovers near 0.5850 followed by nine-day EMA barrierNZD/USD struggles to remain in the positive territory after minor losses registered in the previous session due to weaker upbeat S&P Global PMI from t
Lire la suite »
NZD/USD deepens decline as sentiment wanes and US Dollar strengthensNZD/USD extended its losses during the North American session after printing a daily high of 0.5869, but market sentiment deterioration and a strong U
Lire la suite »
NZD/USD moves below 0.5800, aims to reach November’s lowNZD/USD marks an 11-month low, hovering around 0.5790 during the Asian session on Thursday. The pair could reach November’s low during the session. Th
Lire la suite »