Analysts at ANZ think that the biggest question for those who take an active interest in currency markets right now is the direction of the big dollar.
Key Quotes
“On top of signs of a peak in US growth and recent political troubles, the weekend saw a few more challenges to the bullish USD view, with the PBoC resuming its counter-cyclical factor when setting the yuan and the Fed’s Powell sounding a little more neutral.”
“We like being short NZD, but have our reservations about playing that against the greenback right here. Instead, we expect NZD underperformance against AUD.”
Share
