BofA Anticipates Weakness in NZD/USD Amid Us Dollar Strength and RBNZ's Projected Rate Cut
Bank of America projects downward pressure on the NZD/USD currency pair due to expected near-term US dollar gains driven by stable economic data and anticipated monetary policy shifts. While maintaining a generally bearish stance on the US dollar for 2024, the bank highlights the dollar's recent strength ahead of a Federal Reserve leadership transi…