Market news
18.06.2021, 06:44

NZD/USD: Fed-fueled dollar to offer selling opportunities – ANZ

FXStreet reports that economists at ANZ Bank expect further dollar’s appreciation in the near-term, providing selling opportunities in NZD/USD.

“Despite strong NZ Q1 GDP, the kiwi remained under pressure as USD strength dominated across the board. A growing conviction that the Fed will move on rates soon into the expansion and cap burgeoning inflation pressures is supporting the USD. Inflation expectations have also eased back in reaction to the Fed’s updated guidance, which is an additional positive for the greenback.” 

“The USD’s rise may run further near-term. In the short-term, rallies in NZD/USD are selling opportunities.”

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location