Key New Zealand Dollar exchange rate forecasts including NZD/USD, GBP/NZD, EUR/NZD and NZD/AUD.
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The New Zealand Dollar looks vulnerable over coming days according to New Zealand lender ANZ in a weekly foreign exchange forecast update.
Analysts at the bank say the key driver for the New Zealand currency will likely remain global investor confidence, which leaves it at risks to further declines, particularly against the Dollar.
However, against the likes of the Pound and other currencies the near-term outlook is more nuanced.
“A wobbly start to the week for the Kiwi and risk appetite in general as we head into this holiday-shortened week. Oil prices and RBNZ policy rate expectations have faded, but that all pales in comparison to the massive swings seen in US rates, and NZD price action this week is likely to also be mainly driven by the offshore vibe, which is anything but robust,” says analyst Brian…
