NZDUSD has likely seen the lows – ANZ NZDUSD China Commodities InterestRate
NZDUSD briefly edged above 0.62 this week. In the view of economists at ANZ Bank, the Kiwi has already seen the lows.“While we are a touch cautious that US interest rates have gotten ahead of themselves, it is not just market expectations that the US policy cycle may be nearing a turn that is weighing on the USD.” , and expect some of the USD’s safe haven premium to unwind following the Biden-Xi meeting in Bali, and as Europe copes with energy issues.
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