FX markets look set to dance to a USD beat this week – ANZ
|NZD/USD is struggling to regain its composure after Friday’s slide below the 0.59 level. Economists at ANZ Bank analyze Kiwi’s outlook.
NZ migration and food price data unlikely to shift the dial
FX markets remain very USD centric, with the latest move being driven primarily by a sudden surge in US bond yields. This week looks to have more of the same in store, with US CPI data taking centre stage on Tuesday.
We do get NZ migration and food price data this week, but barring a real left-field surprise, they’re unlikely to shift the dial, whereas US CPI could (for Fed policy expectations and USD). As is typical at turning points (some of which turn out to not be), expect more volatility as markets muddle through the coming weeks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.