NZDUSD could close the gap to fair value seen at 0.65 – ANZ NZDUSD China Banks Fed
seems comfortable in the high-0.61s. Can it advance to fair value and benefit from China reopening? Analysts at ANZ Bank discuss the NZDUSD outlook.“Now that there is growing confidence that the USD cycle has peaked, our focus is on the NZD’s gap to fair value , on the RBNZ – who look well placed to close the gap on US interest rates, and on China’s re-opening, which ought to be good for“Technicals still look reasonably bullish, in our view.
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