Listen to the latest market mood for the NZD/USD pair.

Strong NZD, Weak USD

At the last Reserve Bank of New Zealand meeting the NZD was sent shooting higher as the RBNZ said that they would need 100bps less stimulus in the coming weeks. The economy and the global situation was less severe than the last time they met and this provided for a boost for the NZD and NZ10 Y bonds.

Th medium term outlook for the USD remains weak and positive vaccine hopes is also supportive of the NZD from a cyclical growth perspective.

Therefore, expect NZDUSD buyers from deeper pullbacks.

Trade Risks: The main risk to this trade is if there is a sharp risk off tone which boosts the USD higher, weakens NZD, and that will invalidate this outlook.

NZDUSD

Learn more about HYCM

High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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