FXStreet reports that economists at ANZ Bank discuss NZD/USD prospects.

“A steeper yield curve is generally a good sign, but it was well expected and this looks more like a positioning move/retracement rather than the start of a big USD move. On the COVID-19 front, the market has shown its capacity to look through the move to Levels 2/3 locally; that seems appropriate given how well-resourced the Government is to tackle any outbreaks.” 

“Higher milk prices are a reminder of how well commodity prices are holding up.”