NZD/USD may drop 15% by year-end, the bank warns

By: Invezz

Australia and New Zealand Banking Group, also known as ANZ, has remained bearish on NZD/USD despite a recent rally in the pair that saw the price gain more than 1,000 pips since March.  Fundamental analysis: Kiwi to suffer from the worsening risk sentiment and dovish RBNZ – ANZ ANZ bank has remained bearish on NZD/USD, despite the pair making significant gains in the recent weeks. The worsening risk sentiment and dovishness from the Reserve Bank of New Zealand (RBNZ) is likely to weigh on commodity currencies, according to the bank. “The RBNZ’s dovish guidance – a willingness to consider negative

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