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ForexJuly 10, 2026 at 12:13 AM

Optimism for New Zealand Dollar

724FinanceUmut Kaan

Optimism for New Zealand Dollar

UBS is showing an attractive view for the New Zealand dollar in global currency preferences. The bank announced this in a research note.

Recent Developments in Forex Markets

■The Reserve Bank of New Zealand raised the official cash rate by 25 basis points.

■The rate rose to 2.50 percent.

■The decision was in line with expectations.

Investment Advice

■UBS is giving investors a recommendation: those who want to reduce US dollar risk should hold New Zealand dollars unhedged.

■A short position is suggested in AUD/NZD pair. The target is 1.18 level. Stop-loss is set at 1.24.

Markets are highly sensitive to this situation and we should adopt an optimistic view for the New Zealand dollar.