- Analytics
- News and Tools
- Market News
- NZD/USD set to test 0.60 in the coming weeks – ING
NZD/USD set to test 0.60 in the coming weeks – ING
The kiwi dollar was very little impacted by the Reserve Bank of New Zealand (RBNZ) 50 bps rate hike. Economists at ING expect the NZD/USD pair to challenge the 0.60 level.
Rising risks of a recalibration in the hawkish tone at the August meeting
“Despite the RBNZk reiterating its hawkish message about more aggressive rate hikes, we see rising risks of a recalibration in the hawkish tone at the August meeting (or anyway before the end of the year) due to a falling housing market and worsening economic outlook.”
“In any event, NZD/USD should remain driven by external factors for now, and 0.60 might be tested in the coming weeks.”
Also read: RBNZ to hike the OCR by 50bps again at next month's meeting – TDS
© 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
