NZD/USD to rise towards 0.66 by year-end – Westpac | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Tuesday, March 21, 2023
No Result
View All Result
Subscribe
  • Login
The Markets Café
en English
zh-CN 简体中文en Englishfr Françaisde Deutschhi हिन्दीit Italianoja 日本語pt Portuguêsru Русскийes Españoltr Türkçe
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Forex

NZD/USD to rise towards 0.66 by year-end – Westpac

by Press Room
August 16, 2022
in Forex
102 1
A A
0
21
SHARES
687
VIEWS
FacebookTwitter

Economists at Westpac expect that safe-haven demand will give way to a period of US dollar weakness over the year ahead, with a related rise in the New Zealand dollar and other commodity currencies. However, the potential for gains relative to the Australian dollar looks limited, with the NZD/AUD set to hold around current levels.

US dollar to trend down over the coming year

“We expect that the recent period of safe-haven demand will give way to US dollar weakness, with a sharp slowdown in US consumption and investment spending expected over 2023. Consistent with that, we expect to see the US dollar trending down over the coming year.”

“Underpinned by weakness in the US dollar, we expect the New Zealand dollar will rise to 66 cents by year’s end, with a further lift on the cards through 2023.”

“We expect the AUD/NZD pair will remain around the 0.90 level through 2023, with limited scope for a break to the upside despite the prospect of a sharper deceleration in growth for Australia.”

 

Read the full article here

Related Articles

Forex

Get out of currencies with high-interest rates to arm against a crisis of the financial system – Commerzbank

March 21, 2023
Forex

Gold Price Forecast: XAU/USD to fall if Fed Chair Powell manages to dampen rate cut expectations – Commerzbank

March 21, 2023
Forex

Gold Price Forecast: XAU/USD collapses below $1950 as US bond yields aim higher

March 21, 2023
Forex

EUR/GBP seen at 0.88 on a three-month view – Rabobank

March 21, 2023
Forex

USD/JPY Price Analysis: Flirts with 50% Fibo. level, below mid-132.00s amid risk-on mood

March 21, 2023
Forex

Silicon Valley Bank’s collapse is not a 2008 moment – UBS

March 21, 2023

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.