The Pound to New Zealand dollar exchange rate has receded from post-pandemic highs but the author’s model suggests it should remain supported above 2.14, and that it could have scope to rise back above 1.16 up ahead.
The New Zealand Dollar's selloff has gone far enough, say strategists at HSBC, who close a sell recommendation.
In our previous edition of the Week Ahead Forecast, we opined that the Pound to the New Zealand Dollar was due to a pullback from notably overbought conditions.
The New Zealand Dollar can stay under pressure if the odds for an August interest rate cut at the Reserve Bank of New Zealand (RBNZ) continue to rise.