FXStreet reports that economists at ANZ Bank expect further dollar’s appreciation in the near-term, providing selling opportunities in NZD/USD.
“Despite strong NZ Q1 GDP, the kiwi remained under pressure as USD strength dominated across the board. A growing conviction that the Fed will move on rates soon into the expansion and cap burgeoning inflation pressures is supporting the USD. Inflation expectations have also eased back in reaction to the Fed’s updated guidance, which is an additional positive for the greenback.”
“The USD’s rise may run further near-term. In the short-term, rallies in NZD/USD are selling opportunities.”
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