• NZD/USD: Lower interest rates and a market eager to embrace the idea of earlier RBNZ cuts weigh on Kiwi – ANZ

Noticias del mercado

16 enero 2024

NZD/USD: Lower interest rates and a market eager to embrace the idea of earlier RBNZ cuts weigh on Kiwi – ANZ

NZD/USD has had a tough start to the week. Economists at ANZ Bank analyze Kiwi’s outlook.

Falling interest rates weighed on the Antipodean currencies

Falling interest rates weighed on the Antipodean currencies amid thin liquidity conditions, with the US market closed for a public holiday. 

Outside overarching global themes like energy prices, conflict and China growth, the main local theme remains the outlook for RBNZ policy, with markets eager to embrace soft data and of a mind to ignore more robust data, all of which is driving interest rates lower as markets brace for more cuts (with 103 bps of cuts now priced in over 2024). All of that’s weighing on the Kiwi. 

 

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: