NZD Corporate FX Update
Jason Wong -
The upward trend in NZD/USD in the first half of the year – driven by broad-based USD selling pressure – has been arrested, with some retracement through July so far.
The near-term outlook for FX markets is clouded by uncertainty on where US policy lands on tariffs. The previous 9-July deadline for implementing higher tariffs was delayed until 1-August. Not forgetting that early April was the original date for much higher tariffs, it wouldn’t surprise if further delays ensued.
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