Bank of America Predicts Downward Pressure on NZD/USD Amid USD Strength and Anticipated RBNZ Rate Reduction
Bank of America has advised a bearish stance on the NZD/USD currency pair, attributable to near-term strength in the U.S. dollar bolstered by stable economic data and fiscal stimulus expectations, alongside an anticipated rate cut by the Reserve Bank of New Zealand (RBNZ) that may weigh on the New Zealand dollar despite signs of economic stabilizat…