NZD/USD stays positive for a sixth consecutive day and probes one week high around 0.6650. Economists at Westpac see potential for further gains above 0.6655.
See – NZD/USD to trade around 0.65 for the next few quarters – ANZ
Key quotes
“The recent 3c downward correction appears complete, and a rise towards the top of the range at 0.6800 is now in progress.”
“We still expect risk sentiment to remain elevated into year-end, supported by an unprecedented global central bank and government stimulus, and the USD to resume its weakening trend. That should see NZD/USD above 0.67 by year-end.”
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