NZD Update What's Happening In FX Markets

The NZD has struggled against a resilient USD, remaining well below previous highs despite RBNZ rate activity. Analysts maintain a bullish outlook to 0.60 by year-end, supported by model fair value of 0.59.

Key Takeaways

• 1.NZD/USD is currently depressed in the mid-0.57s, weighed down by USD strength and broader market pressure, despite recent RBNZ rate hikes.
• 2.The firm expects a mild recovery in NZD/USD to 0.60 by year-end, supported by fair value models estimated at 0.59.
• 3.Speculative positioning for NZD is at extreme short levels, which may trigger stop-loss buying if prices move higher.

Table of Contents

• Recent developments and updated thoughts
• Historical charts
• Macroeconomic and financial scorecard
• Volatility monitor
• Fair value
• Market positioning
• Correlation analysis
• ANZ Forecasts
• Key global events calendar
• Contacts/Meet the team
• Important Notice

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial