Bank of America Flags Potential Decline in NZD/USD Amid USD Strength and RBNZ Rate Cut Expectations
Bank of America has issued a sell recommendation on the NZD/USD currency pair, highlighting short-term support for the U.S. dollar despite a generally bearish stance on the greenback for 2024. The bank emphasizes stable U.S. economic indicators and upcoming fiscal stimulus as factors reinforcing USD resilience. Concurrently, forecasts of subdued in…