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- NZD/USD in search of a bullish break above 0.7250 – ANZ
NZD/USD in search of a bullish break above 0.7250 – ANZ
FXStreet reports that economists at ANZ Bank discussing NZD/USD prospects.
“The Kiwi is off Tuesday’s highs seen in the wake of stronger than expected inflation expectations data, but remains lofty as the broad USD DXY index dips further. It isn’t one-way traffic, but with the NZ yield curve now very steep as NZ 10-20yr bond yields widen on a spread to their US and AU counterparts, and the market thematic still that the NZ economy is doing better and the RBNZ will likely be an earlier ‘hiker’, the path of least resistance remains higher – at least before the MPS on 24 February.”
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