NZD/USD: Lower interest rates to dampen a typical good month for the kiwi – ANZ
NZD/USD continues to range trade near 0.68. Lower interest rates may be a challenge but seasonality often delivers NZD strength in December, economists at ANZ Bank report.
NFP to lift the USD on strong figures
“The kiwi continues to fluctuate around 0.68 and seems to be well bid on any moves into the high-0.67s. But seems to be equally well-offered on any meaningful rallies, giving the impression that while it may have found a base, it is not in a hurry to go anywhere.”
“A less dovish Fed has not helped the USD this week. But US payroll data due out on Friday might give the USD a boost if it beats expectations.”
“Markets have ignored the seasonal tendency for the NZD to appreciate in December, and instead seem more focussed on interest rates, which have retreated from earlier highs.”
“Support 0.6700/0.6775 – Resistance 0.7000/0.7215/0.7310”
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.