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- NZD/USD to reward RBNZ hawkishness, but impact may well be short-lived – ANZ
NZD/USD to reward RBNZ hawkishness, but impact may well be short-lived – ANZ
The kiwi is lower this morning. Economists at ANZ expect the NZD/USD pair to react positively to a hawkish Reserve Bank of New Zealand (RBNZ) but the impact could be short-lived.
A hawkish RBNZ
“It’s too soon to say if it’s a factor, but we may just be in the early stages of the USD coming back into favour for safe-haven reasons amid concerns around global growth.”
“We still think the NZD will probably reward RBNZ hawkishness tomorrow, but there are a lot of other balls in the air, and the local impact may well be short-lived.”
“Support 0.6060/0.6290 Resistance 0.6575/0.6660”
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