- Analytics
- News and Tools
- Market News
- NZD/USD set to nosedive towards the 0.66 level – Westpac
NZD/USD set to nosedive towards the 0.66 level – Westpac
Economists at Westpac remain bearish, targeting 0.6600 on the NZD/USD pair. The next major NZ event is Q4 CPI on January 27.
Annual NZ CPI inflation in Q4 could set a multi-decade high
“NZD/USD looks bearish near-term. The rise since mid-December looks corrective, and we are watching for a potential break of 0.6755 to signal a larger decline to 0.6600.”
“NZ CPI Q4 data estimates are skewed to the upside, and could show annual inflation was the highest since 1990 if it beats 5.3%. That would lift NZD/USD.”
“Ahead of NZ CPI, the FOMC announcement could reveal another hawkish shift, depressing NZD/USD.”
© 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
