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

“We are in an episode like that at the moment, and while the NZD remains a ‘market darling’ and reflation remains the thematic, we expect it to continue trading at the rich end of valuations, especially with commodity prices also buoyant.”

“Given the degree of momentum in markets and the more assured domestic outlook (which is built on a foundation of successfully containing COVID-19), we have upgraded our NZD forecast and now see the NZD/USD pair gradually appreciating towards 0.77 by the end of 2021.”