• NZD/USD: Q4 forecast revised lower to 0.56 – CIBC

Noticias del mercado

12 septiembre 2023

NZD/USD: Q4 forecast revised lower to 0.56 – CIBC

NZD, like other commodity currencies, was hit in August given the weak backdrop in risk markets. Economists at CIBC Capital Markets analyze Kiwi’s outlook.

Fiscal and monetary policy outlooks are back in focus

We have revised our Q4 forecast for NZD/USD lower given the weak Chinese growth outlook and risks to global growth in general. Further, the higher for longer USD narrative should hurt the high beta Kiwi heading into year-end. 

With fiscal and monetary policy outlooks back in the spotlight, there is likely to be more domestically sourced NZD/USD volatility through the end of the year.

NZD/USD – Q4 2023: 0.56 | Q1 2024: 0.58

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: