NZD/USD: Likely to stay within the range of 0.5914/0.5969 – UOB Group

  • New Zealand Dollar (NZD) could remain volatile against US Dollar (USD), but it is likely to stay within yesterday's range of 0.5914/0.5969. In the longer run, NZD weakness is intact, but it remains to be seen if it has enough momentum to reach June's low, near 0.5885, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.