NZD/USD has traded a wide range this year from a high above 0.65 to a low below 0.58 and stabilising at a mid-point in December. Economists at ANZ Bank analyze Kiwi’s outlook.
Kiwi has room to rise in 2024, but not without volatility
We think the NZD has room to rise in 2024, but not without volatility. Our year-end forecast for NZD/USD is 0.63 in 2024.
A global rebound in risk appetite and the NZD’s high carry leverage we expect to lead to upside in 2024. Our bearish USD outlook and a positive cyclical outlook bodes well for high beta currencies like the NZD.
