• NZD/USD to trade above 0.67 by the end of the year - Westpac

Market news

2 October 2020

NZD/USD to trade above 0.67 by the end of the year - Westpac

FXStreet notes that  NZD/USD stays positive for a sixth consecutive day and probes one week high around 0.6650. Economists at Westpac see potential for further gains above 0.6655. 

“The recent 3c downward correction appears complete, and a rise towards the top of the range at 0.6800 is now in progress.” 

“We still expect risk sentiment to remain elevated into year-end... and the USD to resume its weakening trend. That should see NZD/USD above 0.67 by year-end.”

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