Sponsored by


NZD/USD looks set to start 2020 on a firmer footing – Rabobank

Jane Foley, head of FX strategy at Rabobank, suggests that the shine came off the better than expected release of New Zealand Q3 GDP very quickly when the sharp downward revision to the Q2 number was taken into account.

Key Quotes

“The sharp bounce in consumer confidence and credit card spending into the end of 2019 suggests that the RBNZ’s pre-emptive rate cuts in 2019 are having a supportive impact.”

“Looking ahead another bout of trade tensions between the US and China would likely be sufficient to reignite the risk of further rate cuts next year. So, while NZD/USD looks set to start 2020 on a firmer footing, there is scope of another move lower later in the year.”

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.

Copyright © 2020 FOREXSTREET S.L., All rights reserved.

We use cookies to enhance your experience like remembering your Time Zone. We have updated our privacy policy please check our Terms&Conditions

Download the app and have all the news on your phone!