- Analytics
- News and Tools
- Market News
- NZD/USD could test this week’s low at 0.6715 again – Westpac
NZD/USD could test this week’s low at 0.6715 again – Westpac
NZD/USD has been correcting lower over the past few weeks. The pair may retest 0.6715 amid its near-term correction, economists at Westpac report.
USD should remain strong ahead of the May FOMC
“The USD is likely to remain strong ahead of the 4 May FOMC, and long-end yield spreads should continue to decline.”
“NZ CPI inflation data slightly disappointed expectations. The 1.8% QoQ and 6.9% YoY results undershot median estimates of 2.0% and 7.1%. And that should be the peak in this cycle.
“0.6715 could be tested again during the week ahead.”
© 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
