#NZDUSD @ 0.61192 : Better prospects for the kiwi in 2023 – MUFG
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During August, the New Zealand dollar depreciated further against the US dollar from 0.6266 to 0.6134. Economists at MUFG Bank expect the kiwi to recover in the next year.
“With the Fed expected to be more active to year-end, we would expect NZD/USD to remain under downward pressure.”
“Next year, assuming NZ does not slow notably, we’d expect NZD/USD to recover as Fed tightening concludes.”
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