Bearish
NZD/USD remains near two-month low amid firm USD and dovish RBNZ signals.
Over the past 24 hours, NZD/USD has continued its downward trend, trading near its lowest levels since late June. This decline is primarily driven by the US dollar's strength, bolstered by expectations of further Federal Reserve rate hikes, and the Reserve Bank of New Zealand's (RBNZ) dovish stance, which has dampened investor confidence in the Kiwi.
Key points
- NZD/USD trading near two-month low as firm USD and dovish RBNZ weigh.
- NZD/USD slides toward July low as Fed rate hike bets firm.
- ANZ forecasts NZD/USD rising to 0.64 by year-end, despite current downtrend.
Sources
AI-generated from public news sources. Not financial advice.
