• NZD: Likely an outperformer in G10; AUD/NZD downside remains attractive -Citi

Market news

28 May 2020

NZD: Likely an outperformer in G10; AUD/NZD downside remains attractive -Citi

eFXdata reports that Citi likes NZD in G10 space and prefers shorts in AUD/NZD in the long-term.

"Kiwi is an outperformer in G10 as the country starts to grind back into gear. The outlook v AUD is very favourable and the debate in Australia “now is that’s its more likely that I can fly (from my Darling Point office in Sydney) to Queenstown before I can fly to Queensland or Western Australia (wouldn’t want to anyway)”. Citi notes. 

"Longer term AUDNZD downside remains attractive," Citi adds.

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