- Analytics
- News and Tools
- Market News
- NZD/USD to face a bumby road ahead towards 0.72 – ANZ
NZD/USD to face a bumby road ahead towards 0.72 – ANZ
Analysts at ANZ Bank continue to assume that NZD/USD appreciates towards 0.72 before levelling off over 2022. However, the risks to that not being achieved are increasing as markets weigh up fresh COVID-19 risks, the prospect of an accelerated Fed tapering profile and generalised late-cycle risks to the global growth outlook.
NZD/USD forecast of 0.72 does look somewhat challenging
“Our FX forecasts continue to assume that NZD/USD appreciates towards 0.72 before levelling off over 2022. That forecast is based on New Zealand’s clear (and growing) interest rate advantage and still elevated terms of trade.”
“We acknowledge that the RBNZ’s more considered tone, prospects for an accelerated Fed taper, and risks around global asset prices do pose downside risks to our forecasts, but we are also mindful of the seasonal tendency for the kiwi to appreciate in December, the high cost of shorting the NZD, and the still positive tone of the data flow in New Zealand (even if future surprises are harder to come by).”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
