NZD likely to trade on the back foot this week - ANZ

Sandeep Kanihama FXStreet Contributor

The NZD cannot buy a trick and is having little trouble in breaking through support levels, according to analysts at ANZ.

Key Quotes

“With global forces in the box seat we expect it to continue to trade on the back foot this week.”

“US data continues to be doing just enough to support the greenback and trade tensions and emerging market troubles are weighing on risk appetites more generally. However, this same weakness in risk appetites is seeing the AUD struggle too.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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