• EUR, GBP, AUD, NZD: near-term themes - ANZ

Market news

29 July 2021

EUR, GBP, AUD, NZD: near-term themes - ANZ

eFXdata reports that analysts at ANZ Research summarize their tactical bias on EUR, GBP, AUD, and NZD.

"In the near term, some consolidation in the EUR is possible as the dovishness of the ECB and its low rates structure hamstring its recovery. The path of the GBP will depend on how COVID-19 affects the ‘free’ economy."

"The AUD will be supported by the global outlook, but the lockdowns are posing domestic risk. For the NZD, we expect consolidation ahead of the RBNZ’s first hike." 

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