New Zealand Dollar to US Dollar Forecast: 0.6139 in Three Months

GBPNZD eyes test of 2.0266, NZDUSD: Westpac bullish this week.

GBPNZD locked in tight range, NZDUSD is constructive, RBNZ is this week's highlight.

The New Zealand Dollar sees a solid start for the new week in sympathy with rising Chinese equity markets, and with little on the U.S., Chinese or New Zealand calendars, further gains can remain possible.

One of New Zealand's most prominent banks says the New Zealand Dollar has likely passed its lows, and improved valuations for NZD sellers beckon over the coming months.

The New Zealand Dollar faces a "longer and tougher fight" according to the most recent analysis of the currency from the global banking giant HSBC.

The New Zealand Dollar's decline could be done according to new forecasts from Westpac, the lender and investment bank.

Analysis from Capital Economics shows the New Zealand Dollar is likely to struggle as the Reserve Bank of New Zealand will likely lead the next interest rate-cutting cycle, a development that is potentially not too far given fresh warnings from a domestic bank that the economy faces a double-dip recession.

"Narrowing interest rate differentials reduce a key NZD tailwind" - ASB.

GBP/NZD increasingly comfortable at 2.0, "ugly" technical picture for NZD, says ANZ's Croy.

The New Zealand Dollar has lagged behind many other major currencies thus far in the year but updated forecasts from Commonwealth Bank of Australia suggest the Kiwi could underperform further in the short-term while warning of divergence between AUD/NZD and EUR/NZD from here.

2023 will still be a year of New Zealand Dollar appreciation as the currency's recent trend of decline will prove temporary says one of New Zealand's major lenders.

Recession looms for the New Zealand economy but the China-focussed and risk-sensitive New Zealand Dollar can still appreciate from current levels, according to economists at ANZ.

Look for NZD strength into mid-year ahead of a broader decline says ASB.

"In recent weeks we have noted we thought the NZD was a little richly priced and was due for some consolidation after a strong run" - BNZ.

AUD and NZD are set to extend their decline as commodity prices prove unsupportive and a fall in global stock markets continues well into 2023.

GBP/NZD pushing higher from recent lows, aided by BoE rate hike expectations.

Further New Zealand Dollar strength likely say economists at ANZ.

NZD to struggle says HSBC, as NZ economy faces 'hard landing'.