Prospects are brighter for Kiwi than Aussie in our view

We have revised up our already-bullish forecasts for the Australian dollar and the New Zealand dollar against the US dollar over the next few years, to reflect changes to our outlook for the Chinese renminbi. Crucially, though, this view hinges on continued progress being made in containing COVID-19 outbreaks in those countries as well as in most other major economies.

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