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- NZD/USD to come under pressure in the next few weeks – HSBC
NZD/USD to come under pressure in the next few weeks – HSBC
NZD/USD has slumped below the 0.62 level. Economists at HSBC expect the kiwi to remain on the back foot in the next few weeks.
Shorter-term New Zealand-US yield differentials unlikely to offer much support to NZD
“We think the NZD will probably come under pressure in the next few weeks, amid broad risk sentiment and shorter-term yield differentials.”
“Markets may be concerned as policy rates move into restrictive territory, and a hawkish policy stance may cause ‘hard-landing’ risks to rise.”
“With the Fed having a much firmer footing from which to tighten further, shorter-term New Zealand-US yield differentials are unlikely to offer much support the NZD.”
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