NZD will likely struggle to gain against the USD - HSBC

Analysts at HSBC expect the NZD to struggle to rise against the USD in the month ahead.

Key Quotes

“Our expectations for USD depreciation are somewhat premised on the potential for near-term cyclical disappointment, while there is also some uncertainty over whether the recent softness in Asian PMIs is a blip or the start of a trend. These factors are hardly bullish for the NZD, explaining why NZD-USD has failed to maintain a break above 0.70.”