- Analytics
- News and Tools
- Market News
- NZD/USD: Markets seem to be losing faith in the kiwi as the cycle matures – ANZ
NZD/USD: Markets seem to be losing faith in the kiwi as the cycle matures – ANZ
NZD/USD popped a tad higher on Monday. Nonetheless, economists at ANZ Bank believe that the outlook for the kiwi remains bleak.
It looks more like a USD correction than a peak in the USD
“Having drifted off a fresh high, the USD move looks more like a correction than a direction shift, especially with the global growth outlook souring and safe-haven appeal a factor again.”
“Apart from higher interest rates, the advantage of which is narrowing rapidly, the NZD’s appeal is waning as the cycle matures.”
© 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
