eFXdata reports that ANZ Research discusses NZD outlook and sees a scope for NZD strength in the near-term.
"In the short term, the risk is that this apparent optimism will manifests in a higher NZD as markets respond to what we expect to be some strong data releases in the US that are likely to fuel risk appetite. Strategically, broad USD performance and an acceleration in global growth are expected to be the primary drivers for the NZD/USD. Overall, the NZD crosses benefit from themes of economic reopening and developed market vaccine rollouts, which we expect to outweigh uncertainty associated with emerging market growth," ANZ adds.