NZD/USD Outlook: Down this week
NZD/USD has been hammered by surprises lately. Surprisingly benign NZ inflation, still falling dairy prices, and events in Ukraine and Gaza, have all contributed. Assuming the US dollar either stabilises or extends July’s uptrend, NZD/USD should remain under pressure and targets the 0.8500-0.8600 area during the month ahead. For the week ahead, the RBNZ meeting is likely to be an additional influence.
Read the full report: FX Research