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Westpac Look To Fundamental Support For NZD

NZD

Westpac note that "multi-month we expect risk sentiment to remain elevated; supported by unprecedented global central bank and government stimulus, and vaccine development. The USD should therefore weaken further. In addition, the NZ economy's performance since Covid has been stronger than expected, providing fundamental support for NZD outperformance. NZD/USD targets $0.7300+ by March."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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