NZD/USD still looks bound higher from the second quarter – ING

Market news

23 February 2024

NZD/USD still looks bound higher from the second quarter – ING

NZD/USD has ebbed and flowed with market expectations for policy. Economists at ING analyze Kiwi’s outlook.

RBNZ to soften hawkish stance

The RBNZ’s tightening bias looks less and less credible considering the global central bank backdrop and the February meeting should see some softening of the hawkish narrative.

New Zealand Dollar (NZD) may underperform the Australian Dollar (AUD) as markets price in RBNZ cuts, but NZD/USD still looks bound higher from the second quarter.

See: NZD/USD to push higher to 0.6500 on a 12-month view – Rabobank

Switzerland Employment Level (QoQ) climbed from previous 5.465M to 5.488M in 4Q

EUR/JPY extends its upside above 163.00 following German GDP data

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