NZD/USD: Waning Delta cases and higher yields to boost the kiwi – ANZ

FXStreet Insights Team FXStreet

The kiwi is strongly offered below 0.7150. But analyst at ANZ Bank expect the New Zealand dollar to find support from declining Delta cases and higher yields.

Waning local case numbers and higher yields are also boosting sentiment

“US 10yr bond yields actually rose, highlighting how clouded the overall US economic picture is, especially with the latest Delta outbreak weighing on forward expectations.”

“Locally, markets are likely to be buoyed by the weekend’s lower Delta case numbers, which ought to help sentiment, with all eyes on this afternoon’s Cabinet decision on alert levels.”

“Local long-end bond yields are back at 2yr highs; that ought to help NZD sentiment a bit too.”

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FXStreet Insights Team

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