Analysts at CIBC, forecast the NZD/USD pair will trade around 0.64 during the fourth quarter and at 0.63 during the first one of next year. They point that the kiwi weakened amid negative bond yields in New Zealand. Key Quotes: “During the last month, New Zealand 2-year bond yields have fallen from around 10bps to current -5bps, while the NZD has been amongst the weaker currencies against the USD, off by 2.7% in the period. The reversion to weakness from previous steady performance came after a period of relative strength of the NZD, which was underpinned by then USD weakness and a moderate recovery out of virus lockdowns encouraging buyers.” “Like its Tasman neighbour, the New Zealand economy is facing economic headwinds from projected higher unemployment and the ending of a number of government support schemes. Our outlook for the NZD into the end of the year and introduction of negative cash rates, potentially in 1Q, is for further weakness against the USD and on major crosses, including JPY and CAD.” “That NZ yields have already fallen to reflect broad expectation the RBNZ will deliver additional monetary accommodation in the months ahead, suggests the pace of NZD weakness may moderate from present levels. Still, previous RBNZ suggestion of potentially buying foreign assets – akin to intervention, will remain a cap against gains.” 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 Compound Price Analysis: COMP bulls are looking for a comeback, metrics suggests FX Street 2 years Analysts at CIBC, forecast the NZD/USD pair will trade around 0.64 during the fourth quarter and at 0.63 during the first one of next year. They point that the kiwi weakened amid negative bond yields in New Zealand. Key Quotes: “During the last month, New Zealand 2-year bond yields have fallen from around 10bps to current -5bps, while the NZD has been amongst the weaker currencies against the USD, off by 2.7% in the period. The reversion to weakness from previous steady performance came after a period of relative strength of the NZD, which was underpinned by then USD weakness… 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.