NZD/USD retraces some of its recent losses, trading above 0.6160. Economists at ING analyze the pair’s outlook.
Kiwi may suffer from a small USD comeback in the short run
The New Zealand Dollar (NZD) may suffer from a small USD comeback in the short run, but NZD still looks like an attractive option to ride an eventual capitulation of the Dollar once US data allows.
We expect to see 0.6500 in the NZD/USD pair by the end of the third quarter this year.
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