The NZD is the best performing G10 currency in a one-month view, rising about 3% vs. the USD in this time frame. On the back of the better economic data, economists at Rabobank have revised up the forecast for NZD/USD. However, they continue to see risk of a decline in global risk appetite weighing on the kiwi in the coming months. Key quotes “Overall, the outlook for New Zealand and its major trading partners has improved in the coming months and this should afford the NZD some support. That said, risks remain. The possibility of negative rates from the RBNZ remains on the table dependent on how the economy fares in the coming months, while the broader outlook for risk will depend on issues such as US/China tensions and potentially issues around the US election.” “Not only will US suspicions of China remain irrespective of who wins the US presidential election, but there is the possibility of an contested outcome, social unrest in the US and fears that the next round of Us fiscal stimulus will be late and/or insufficient. A combination of these factor could depress risk appetite and increase demand for the safe haven USD which would be reflected in USD crosses across the board.” “Our three-month NZD/USD forecast is 0.65.” 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 Japan’s Suga: Will protect employment, support people who suffered economic damage FX Street 2 years The NZD is the best performing G10 currency in a one-month view, rising about 3% vs. the USD in this time frame. On the back of the better economic data, economists at Rabobank have revised up the forecast for NZD/USD. However, they continue to see risk of a decline in global risk appetite weighing on the kiwi in the coming months. Key quotes “Overall, the outlook for New Zealand and its major trading partners has improved in the coming months and this should afford the NZD some support. That said, risks remain. The possibility of negative rates from the RBNZ… 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.