- NZD/USD: Downside risks over the short-term and into 2024 – MUFG
Notícias do Mercado
16 agosto 2023
NZD/USD: Downside risks over the short-term and into 2024 – MUFG
The Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) unchanged at 5.50%. Economists at MUFG Bank analyze NZD outlook after the Interest Rate Decision.
RBNZ leaves key policy rate unchanged
The RBNZ announced an unchanged monetary policy stance with the OCR left at 5.50%.
We still believe the RBNZ has completed its tightening cycle and the data flow underlines the weakening economy that should allow the RBNZ to remain on the sidelines.
Weaker China growth, weak growth in New Zealand and global growth risks in general will keep the performance of NZD toward the bottom of the G10 performance table going forward and we see downside risks for NZD versus the Dollar over the short-term and into 2024.
O foco de 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 disclaimerAbrir Conta Demo e Página Pessoal