Economists at ANZ Bank share their NZD/USD and NZD/AUD forecasts.

NZD/USD higher, NZD/AUD lower

“Our forecasts have NZD/USD appreciating gradually to 0.65 by the end of 2023 and 0.66 by the end of 2024.”

“Our expectation of a downward adjustment in the USD is a key driver of our forecast of gradual NZD/USD appreciation.”

“By contrast, the NZD/AUD pair is expected to fall to around 0.90 by year-end. Given our expectation of NZD/USD appreciation, this is expected to be the result of AUD outperformance.”