NZD/USD: The major drivers of the Kiwi appear to be lining up for a rally – CIBC NZDUSD RBNZ China Banks
to remain under pressure in the short term. However, the pair is set to bounce back higher in the fourth quarter.The on-hold RBNZ should enable NZD/USD to depreciate in the short term, as the Fed appears underpriced for a final hike. This dynamic should drive NZD/USD through Q3, but we then see the pair rising to 0.63 by Q4.
Ultimately, NZD/USD faces short term headwinds from an on-hold RBA and weak Chinese economy, but over the longer term, the major drivers of the currency appear to be lining up for a NZD rally.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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