#NZDUSD @ 0.60900 : Recovery should only be a 2023 story – ING
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The Reserve Bank of New Zealand (RBNZ) is not lifting the kiwi despite its hawkish stance. Economists at ING expect the NZD/USD pair to start its recovery next year.
“A hawkish RBNZ is not preventing NZD from suffering from a rather unfavourable market environment for commodity FX.”
“Like AUD, the exposure to China’s sentiment remains another major question mark.”
“An NZD recovery should only be a 2023 story.”
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