- NZD/USD: Q4 forecast revised lower to 0.56 – CIBC
Market news
12 tháng 9 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
Market Focus
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 disclaimerOpen Demo Account & Personal Page