An updated forecast from Westpac for the New Zealand dollar, NZD/USD to 0.7500+ by June

WPAC expect positive sentiment for risk to remain elevated, citing:

  • unprecedented global central bank and government stimulus
  • vaccine development

Will result therefore in a weaker USD

On NZ:

  • NZ economy's performance since Covid has been stronger than expected, providing fundamental support for NZD outperformance