Analysts at ING suggest that in a quiet week of the New Zealand calendar, the kiwi could be quite sensitive to Oct business confidence data as the rising speculation of an RBNZ rate cut in recent months has been largely due to waning business confidence. Key Quotes “With NZD/USD having broken the 0.65 level, and very few positive catalysts on the horizon, there’s a risk that we could see a decline to 0.61-0.62 (2015 lows) on the back of rising US Treasury yields in the coming months.” “For now, we think NZD/USD will spend most of its time below 0.65 in 4Q18 – with investors retaining a sell on rallies bias.” 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 EUR/USD out of oversold conditions and could resume falls Yohay Elam 4 years Analysts at ING suggest that in a quiet week of the New Zealand calendar, the kiwi could be quite sensitive to Oct business confidence data as the rising speculation of an RBNZ rate cut in recent months has been largely due to waning business confidence. Key Quotes "With NZD/USD having broken the 0.65 level, and very few positive catalysts on the horizon, there's a risk that we could see a decline to 0.61-0.62 (2015 lows) on the back of rising US Treasury yields in the coming months." "For now, we think NZD/USD will spend most of its time below 0.65… 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.
