Currency Research

NZD Corporate FX Update

Jason Wong -

The NZD’s expected recovery is running ahead of schedule, and we lift our year-end target to 0.65

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USD under pressure

Jason Wong -

The USD has been under considerable pressure for most of this year, peaking before the middle of January and falling between 7-9% depending on which index is used. Of the global majors, SEK, CHF and JPY have gained around 10% or more, EUR, GBP and NOK have gained 6-9% and the commodity currencies AUD, CAD and NZD have gained 2-6%.

Full Currency Research is available to BNZ Wholesale clients upon request, please email bnz_research@bnz.co.nz to subscribe.