NZD/AUD is currently trading near the 0.93 level. However, economists at Westpac expect the pair to slide below the 0.90 mark – not due to New Zealand dollar weakness, but because they see relatively more upside for the Australian dollar. Australia is better positioned “We expect the NZD/AUD exchange rate to drop below 90 cents next year.” “Australia’s economic recovery was initially slower than New Zealand’s, due to a more prolonged period of covid lockdowns, but it is now gaining substantial momentum. The closure of international borders has proven to be more of a net benefit to domestic spending in Australia, and policymakers across the ditch appear more inclined to let their housing market continue to run hot.” “Both economies will benefit from stronger export commodity prices, fed by the rapid rebound in GDP growth and continued increases in demand from Asia. While commodity prices will eventually decline from their highs, Australia is better positioned to deliver an increase in export volumes as well. New Zealand’s capacity to increase export volumes is constrained in some respects.” 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 EUR/USD set to march forward to the 1.2243 February high – Commerzbank FX Street 2 years NZD/AUD is currently trading near the 0.93 level. However, economists at Westpac expect the pair to slide below the 0.90 mark - not due to New Zealand dollar weakness, but because they see relatively more upside for the Australian dollar. Australia is better positioned "We expect the NZD/AUD exchange rate to drop below 90 cents next year." "Australia's economic recovery was initially slower than New Zealand's, due to a more prolonged period of covid lockdowns, but it is now gaining substantial momentum. The closure of international borders has proven to be more of a net benefit to domestic spending… 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.
