TDS is skeptical about the possibility of a major recovery for the New Zealand dollar in the near future, with doubts surrounding its potential for rebound at its current level of 0.59765 against the US dollar.

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NZDUSD Chart by TradingView

The Antipodean currencies are having a horrid month since mid-July and there seems to be little reprieve. Economists at TD Securities analyze NZD outlook.

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