
The New Zealand Dollar (NZD) has been having a good run, Rabobank’s FX analyst Jane Folley reports.
NZD/USD is likely to struggle to rally in the weeks ahead
“In the year to date it is the second best performing G10 currency after the AUD. This is despite NZD/USD moving close to 0.5542 on January 13 which was its lowest level since October 2022. A key factor behind the emergence of a better tone in the NZD is growing confidence that the New Zealand economy will be able to move away from last year’s recessionary conditions and post
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