ANZ Bank said it will take some time for the New Zealand dollar to reverse its decline

According to Jinshi data on March 6, ANZ Bank stated that its bearishness on the New Zealand dollar is not as strong as before. However, overall, it still believes that there is downside risk in the near term and expects the New Zealand dollar to reach around 0.5500 against the US dollar by mid-year. The current trading price is 0.5732. ANZ Bank economist David Crowe said this does not mean the outlook is generally pessimistic. He added that the recent decline in US Treasury yields and hopes for peace in Ukraine may prevent the currency pair from falling, and this month, with the impact of US tariff news, market sentiment is fluctuating, reminding people to pay attention to the current high level of uncertainty. However, it is expected that it will take some time for the market to have a positive impact on the New Zealand dollar.