NZD/USD set to move back to 0.70 by early 2023 – ING NZDUSD RBNZ Banks
70 by early 2023 as the Reserve Bank of New Zealand is set to deliver 200bp of additional tightening by year-end.“The impact of lockdowns in China may end up being less severe than expected, thanks to Beijing’s fiscal and economic support, and some negatives may be priced out of NZD later in the year.”“We expect 200bp of additional tightening by year-end, which should help NZD/USD move back to 0.70 by early 2023.
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