Currency Research

BNZ/NAB FX Strategy Forecast Update

Jason Wong -

Our forecast for all G10 currencies have been revised to reflect our increased conviction that the recent weakening in the USD is ’for real’ and has a fair way to play out over the coming couple of years at least.

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

NZD Corporate FX Update

Jason Wong -

The expected NZD/USD recovery is running slightly ahead of expectations and we nudge up our forecast track by 2 cents. After a strong run, we see near term consolidation ahead of a sustained 0.66-0.70 trading range developing later in the year. Our view on NZD crosses is not so overtly positive.

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

NZD: Recovery ahead of schedule

Jason Wong -

While we have been cautious/uncertain about the near-term outlook for the NZD, we have been bullish on its prospects from mid-year onwards. It now looks like the expected recovery has begun a month or two earlier than expected and we revise up our forecasts.

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