NZD Corporate FX Update
The NZD experienced a strong turnaround from late November, with only a brief interruption in late December and early January, before resuming its upward trend to reach a six-month high above 0.60. This rally has been driven by both global and domestic factors.
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NZD Corporate FX Update
The NZD remains out of favour, with a clear downward trajectory evident throughout the second half of the year. We attribute much of this decline to domestic factors, particularly the elusive NZ economic recovery and the prolonged monetary policy easing cycle.
Full Currency Research is available to BNZ Wholesale clients upon request, please email bnz_research@bnz.co.nz to subscribe.