ASB note from earlier this week on the kiwi dollar
Citing their "short-term valuation model, NZD/USD 'fair value' is currently 0.6350-0.6750
ASB note:
- 'fundamentals' are not exerting any strong push or pull influence on the NZD/USD at present
- This is likely contributing to the broader stasis in the currency
What is?
- risk appetite
- and hence NZD/USD
They're right.
