Phil Borkin, Research Analyst at ANZ, explains that after its sharp move lower, the NZD has been far more resilient recently and if anything they see some modest upside potential in the near term. Key Quotes “Rate dynamics (as opposed to commodity prices) have been explaining a far greater degree of NZD variation of late, and they have turned slightly less NZD negative as Treasury yields have retraced and the market has largely re-priced the RBNZ.” “Yet we’d caution against expecting a sharp move higher in NZD. Domestic data has turned patchy, commodity prices are expected to flat-line and global uncertainties remain. Ultimately our medium-term views of further NZD weakness are unchanged.” “Therefore, we’d use any near-term strength as an opportunity to re-initiate short positions.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Online sales slightly faster – NAB FX Street 5 years Phil Borkin, Research Analyst at ANZ, explains that after its sharp move lower, the NZD has been far more resilient recently and if anything they see some modest upside potential in the near term. Key Quotes "Rate dynamics (as opposed to commodity prices) have been explaining a far greater degree of NZD variation of late, and they have turned slightly less NZD negative as Treasury yields have retraced and the market has largely re-priced the RBNZ." "Yet we'd caution against expecting a sharp move higher in NZD. Domestic data has turned patchy, commodity prices are expected to flat-line and global… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
