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Forex

NZD Rebound Hinges on RBNZ Tightening Story

Guavy AI Editorial Team
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USD NZD
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The New Zealand Dollar has seen a recent uptick against the US dollar, with the NZD/USD exchange rate pushing back towards 0.59.

This comes as analysts at UBS remain positive on the Kiwi's prospects despite a mixed domestic labour report.

The pair is still slightly lower over three months but has recovered strongly from late-June levels below 0.5650.

UBS believes that the Reserve Bank of New Zealand's tightening story remains alive and well, providing key support for the NZD/USD exchange rate.

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