NZD/USD to advance nicely toward 0.65 by year-end – ANZ

Market news

12 May 2023

NZD/USD to advance nicely toward 0.65 by year-end – ANZ

Economists at ANZ Bank share their NZD/USD and NZD/AUD forecasts.

NZD/USD higher, NZD/AUD lower

“Our forecasts have NZD/USD appreciating gradually to 0.65 by the end of 2023 and 0.66 by the end of 2024.”

“Our expectation of a downward adjustment in the USD is a key driver of our forecast of gradual NZD/USD appreciation.”

“By contrast, the NZD/AUD pair is expected to fall to around 0.90 by year-end. Given our expectation of NZD/USD appreciation, this is expected to be the result of AUD outperformance.”

Currencies. Daily history for Friday, May 12, 2023

Commodities. Daily history for Thursday, May 11, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.