NZD/USD bears take back control on banking sector concerns
25.04.2023, 20:35

NZD/USD bears take back control on banking sector concerns

  • NZD/USD drops back towards Monday´s open as risk-off sentiment weighs. 
  • Banking sector worries have sunk equities and high beta currencies. 

NZD/USD is down some 0.45% into the closing of the US session and Tuesday´s trade after suffering a risk-off blow with the US Dollar tearing higher since the early Europen session. NZD/USD rallied from a low of 0.6133 and reached a high of 0.6187 on the day.

´´The reversal has come amid a slide in regional bank stocks, which has, in turn, led markets to question how locked in a May Fed hike actually is, and driven safe-haven buying of USDs,´´ analysts at ANZ Bank explained.

Consequently, high beta currencies, such as NZD have fallen as equities drop. The US Dollar index, DXY, benefitted from the risk-off flows and was last up 0.51% at 101.84, a touch off the highs at 101.949. Plunging deposits at First Republic Bank have reignited worries over the health of the banking sector. Additionally, UBS reported a 52% slide in quarterly income as it prepared to swallow fallen rival Credit Suisse.

´´Volatility thus remains elevated, and we may get even more locally today with the release of March trade data, which will only serve as a reminder to markets of NZ’s yawning current account gap – something that we see as a downside risk to our expectation of a mild NZD appreciation in 2023,´´ the analysts at ANZ Bank explained, adding, ´´we also get AU Consumer Price Index data today, which is key given the NZD’s correlation to the AUD.´´

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik