Forex data on March 6, ANZ Bank stated that its bearishness on the New Zealand dollar is not as strong as before, but overall, it still sees downside risks in the near term and expects the New Zealand dollar to reach around 0.5500 against the US dollar by mid-year. The current trading price is 0.5732. ANZ Bank economist David Crowe said this does not mean the outlook is generally pessimistic. He added that the recent decline in US Treasury yields and hopes for peace in Ukraine may prevent the currency pair from falling, and this month, with the impact of US tariff news, market sentiment is fluctuating, reminding people of the current high degree of uncertainty. However, it is expected that it will take some time for the market to have a positive impact on the New Zealand dollar.
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ANZ Bank stated that there is still some time before the New Zealand dollar reverses its decline.
Forex data on March 6, ANZ Bank stated that its bearishness on the New Zealand dollar is not as strong as before, but overall, it still sees downside risks in the near term and expects the New Zealand dollar to reach around 0.5500 against the US dollar by mid-year. The current trading price is 0.5732. ANZ Bank economist David Crowe said this does not mean the outlook is generally pessimistic. He added that the recent decline in US Treasury yields and hopes for peace in Ukraine may prevent the currency pair from falling, and this month, with the impact of US tariff news, market sentiment is fluctuating, reminding people of the current high degree of uncertainty. However, it is expected that it will take some time for the market to have a positive impact on the New Zealand dollar.