NZ dollar looks set for deeper short-term correction

(Image: Getty)

Mon, 15 Jan 2024

The New Zealand dollar may be in for a deeper short-term correction, but the longer-term prospects look more solid.The NZ dollar (NZD)/United States dollar (USD) benefited from a broad USD slide in November and December, gaining around 6 cents to its highest level since July, Westpac Bank's head of NZ strategy, Imre Speizer, said.It was trading at around 63.59 cents at the end of December. It's all about the FedThe shift higher was largely based on the view that the US Federal Reserve might move to cut interest rates in March.Howev...

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