Neutral
RBNZ raises NZD/USD trade-weighted index forecast to 66.9% for September 2027.
The Reserve Bank of New Zealand (RBNZ) has updated its forecast for the NZD/USD trade-weighted index, increasing it to 66.9% for September 2027, up from the previous projection of 66.6%. This adjustment reflects the RBNZ's outlook on the New Zealand dollar's performance against a basket of major trading partners' currencies. The NZD/USD pair is currently trading at 0.5860, down 0.50% intraday.
Key points
- RBNZ raises NZD/USD trade-weighted index forecast to 66.9% for September 2027.
- NZD/USD declines 0.50% to 0.5860 amid risk-off sentiment.
Sources
AI-generated from public news sources. Not financial advice.
