Imre Speizer, analyst at Westpac, suggests that NZD/USD continues to grind lower, with 0.6350 their target for the week ahead. Key Quotes “Longer term, we see scope for it to fall to the mid-0.62s.” “The main negative factor is yield spreads, with the RBNZ’s new-found boldness and likelihood of another cut in November keeping spreads depressed.” “But trade wars are taking a toll also, both via the sentiment channel as well as via export commodity prices. China is NZ’s largest buyer of dairy products, and we suspect the 9% fall in prices since May is partly related to China’s trade war-related slowdown.” “The main risk to our bearish view is the Fed lowers its rate by more than the 75bp we expect this year (or signals such).” 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 Ethereum Classic on full throttle: ETC breaks away from Bitcoin and the park FX Street 4 years Imre Speizer, analyst at Westpac, suggests that NZD/USD continues to grind lower, with 0.6350 their target for the week ahead. Key Quotes "Longer term, we see scope for it to fall to the mid-0.62s." "The main negative factor is yield spreads, with the RBNZ's new-found boldness and likelihood of another cut in November keeping spreads depressed." "But trade wars are taking a toll also, both via the sentiment channel as well as via export commodity prices. China is NZ's largest buyer of dairy products, and we suspect the 9% fall in prices since May is partly related to China's trade… 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.
