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New Zealand’s dollar is facing a subdued third quarter as a resurgent greenback and the lingering effects of the Iran war’s energy shock drag on the domestic recovery.
Westpac Banking Corp. forecasts the currency to weaken to 55 US cents by end-July while ABN Amro Bank NV sees it dipping below the November low of around 55.8 cents. The kiwi dollar has already fallen around 5.8% so far in June to 56.41 cents, on track for its biggest monthly drop since 2024.
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