Further New Zealand Dollar Strength Expected
Modified: Thursday, 18 February 2021 14:59 GMT
Written by Gary Howes
Bank transfer rates (indicative guide): 1.8723-1.8860
FX transfer specialist rates (indicative): 1.8795-1.9266
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The New Zealand Dollar is being tipped to rally against the U.S. Dollar and other major currencies as foreign exchange markets react to the reality that the Reserve Bank of New Zealand might be amongst the first in the world to tighten its policy settings.
In addition, new research shows that the currency might benefit from rising commodity prices and the prospects of a relatively rapid vaccine rollout in New Zealand owing to the country's small population.