The New Zealand Dollar added 0.00179 points or 0.25% to 0.71947 against the US Dollar Monday as investors monitored ongoing US fiscal stimulus situations as senators urged President Joe Biden on Sunday to significantly downsize his sweeping $1.9 trillion COVID-19 relief package to win bipartisan support as Democrats in Congress prepared to push ahead with his plan this week. In other news, New Zealanders will once again be allowed to fly into Australia without undergoing quarantine as health officials reported no new COVID-19 infections following the initial three cases of the B1351 variant, commonly known as the South African variant.
Historically, the New Zealand Dollar reached an all time high of 1.49 in October of 1973. New Zealand Dollar - data, forecasts, historical chart - was last updated on February of 2021.
The New Zealand Dollar is expected to trade at 0.72 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.70 in 12 months time.