New Zealand’s economic recovery has been stronger than expected, NZ commodity prices have beaten expectations and NZ interest rates are rising. With these supportive fundamentals in Q1 2021, economists at Westpac forecast the NZD/USD pair at 0.75 by mid-2021. Key quotes “The main drivers of NZD/USD are expected to remain aligned and supportive. We are sticking with our upbeat global sentiment/downbeat US dollar view, which is the main explanation for our 0.7500 forecast by mid-2021. For end-2020, we expect 0.7200.” “Domestic factors, such as economic performance, commodity prices, and yield spreads, are expected to extend recent trends.” “For now, we continue to forecast a lower OCR by August 2021, which is why we have NZD/USD tracking sideways from mid-2021 onwards. The main risk to this view is that inflation is higher than we have forecast, and further easing will be unnecessary. In that case. NZD/USD would probably exceed 0.7500 in 2021.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY drops to fresh nine-month lows, 103.00 mark in sight FX Street 2 years New Zealand's economic recovery has been stronger than expected, NZ commodity prices have beaten expectations and NZ interest rates are rising. With these supportive fundamentals in Q1 2021, economists at Westpac forecast the NZD/USD pair at 0.75 by mid-2021. Key quotes “The main drivers of NZD/USD are expected to remain aligned and supportive. We are sticking with our upbeat global sentiment/downbeat US dollar view, which is the main explanation for our 0.7500 forecast by mid-2021. For end-2020, we expect 0.7200.” “Domestic factors, such as economic performance, commodity prices, and yield spreads, are expected to extend recent trends.” “For now, we continue… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
