New Zealand Dollar: Seen above 0.60 against US Dollar in 2H26 – ING
The post New Zealand Dollar: Seen above 0.60 against US Dollar in 2H26 – ING appeared on BitcoinEthereumNews.com. ING’s FX Strategist Francesco Pesole expects the Reserve Bank of New Zealand to deliver a hawkish hold at the 27 May meeting, while warning markets underprice the risk of a surprise hike. He sees new projections signalling tightening from 3Q and looks for two 25bp hikes starting in July. NZD performance is still seen as largely driven by global factors. Kiwi outlook tied to RBNZ path “In our view, there are enough arguments to hike at this 27 May meeting (an underpriced risk), but the Reserve Bank of New Zealand has erred on the dovish side and looks more likely to opt for a hawkish hold. New projections may show tightening already in 3Q, and we expect the first of two hikes in July. NZD moves should stay mostly externally driven though.” “In any case, a hike in July is looking increasingly likely in our view, and should not be a one-and-done. Our current forecast is for 50