Bank of America Forecasts NZD/USD Decline Amid Anticipated RBNZ Rate Cut and USD Strength
Bank of America has recommended selling the New Zealand dollar against the US dollar based on expectations of short-term US dollar strength and an impending rate cut from the Reserve Bank of New Zealand (RBNZ). While the bank maintains a bearish outlook on the US dollar for 2024, near-term data and fiscal stimulus measures are supporting the dollar…