#NZDUSD @ 0.61494 – : Markets seem to be losing faith in the kiwi as the cycle matures – ANZ
…
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 popped a tad higher on Monday. Nonetheless, economists at ANZ Bank believe that the outlook for the kiwi remains bleak.
“Having drifted off a fresh high, the USD move looks more like a correction than a direction shift, especially with the global growth outlook souring and safe-haven appeal a factor again.”
“Apart from higher interest rates, the advantage of which is narrowing rapidly, the NZD’s appeal is waning as the cycle matures.”
[/s2If]
Join Our Telegram Group
