As the NZ economy’s performance since covid has been impressive, providing fundamental support for NZD outperformance, economists at Westpac target NZD/USD 0.7200 by year-end. What’s more, the kiwi is forecast to surpass the 0.7500 level by mid-2021. Key quotes “The NZD/USD pair retains potential for slightly further upside near-term, targeting 0.7200 by year-end, although we caution it is technically stretched and in need of a correction. That aside, we expect to see the kiwi above 0.7500 by mid-2021.” “Domestic NZ economic data remains buoyant (housing, retail spending and consumer sentiment recently), and this week’s events (HYEFU on December 16, GDP on December 17) should extend that theme.” 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 GBP: Hopes Of Last Minute Deal Are Revived But Significant Risks Remains For The Pound – MUFG Kenny Fisher 2 years As the NZ economy’s performance since covid has been impressive, providing fundamental support for NZD outperformance, economists at Westpac target NZD/USD 0.7200 by year-end. What’s more, the kiwi is forecast to surpass the 0.7500 level by mid-2021. Key quotes “The NZD/USD pair retains potential for slightly further upside near-term, targeting 0.7200 by year-end, although we caution it is technically stretched and in need of a correction. That aside, we expect to see the kiwi above 0.7500 by mid-2021.” “Domestic NZ economic data remains buoyant (housing, retail spending and consumer sentiment recently), and this week’s events (HYEFU on December 16, GDP… 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.
