#NZDUSD @ 0.59231 to head lower in the coming weeks and medium-term – HSBC
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NZD/USD has tested two-year low around 0.5920. Economists at HSBC expect the pair to extend its downfall over the coming weeks.
“In the coming weeks and medium-term, we expect the NZD to weaken against the USD”
“Like the AUD, the NZD will likely be affected by fragile risk appetite.”
“It is worth noting that hard-landing risks are arguably higher in New Zealand than in Australia. This means the NZD is likely to weaken against the AUD, with a gradual increase in AUD/NZD.”
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