NZ dollar under pressure but BNZ says it won't last

Thu, 25 Mar 2021

The kiwi dollar has been under pressure in March, hit by a stronger greenback and the government’s new housing policy measures, but BNZ sees the move as temporary.“As strong believers in the global reflation thematic for 2021, our forecasts for a higher NZD/USD projection remain unchanged,” said senior markets strategist Jason Wong. BNZ is expecting the kiwi to trade at 76 US cents at the end of the year.The kiwi was trading at 69.67 US cents at 12:30pm and has shed 4.1% in March so far.While the stronger US dollar accou...

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