#NZDUSD @ 0.61696 -imp levels: to come under pressure in the next few weeks – HSBC
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE and login below to read further [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
NZD/USD has slumped below the 0.62 level. Economists at HSBC expect the kiwi to remain on the back foot in the next few weeks.
“We think the NZD will probably come under pressure in the next few weeks, amid broad risk sentiment and shorter-term yield differentials.”
“Markets may be concerned as policy rates move into restrictive territory, and a hawkish policy stance may cause ‘hard-landing’ risks to rise.”
“With the Fed having a much firmer footing from which to tighten further, shorter-term New Zealand-US yield differentials are unlikely to offer much support the NZD.”
[/s2If]
Join Our Telegram Group
