Note

ASB on the NZD/USD fair value range

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ASB note from earlier this week on the kiwi dollar 

Citing their "short-term valuation model, NZD/USD 'fair value' is currently 0.6350-0.6750
 
ASB note:
  • 'fundamentals' are not exerting any strong push or pull influence on the NZD/USD at present
  • This is likely contributing to the broader stasis in the currency
What is? 
  • risk appetite
  • and hence NZD/USD
 
They're right. 
 

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