NZD/USD continues to hover around 0.61 after a quiet US and UK holiday affected season. Analysts at ANZ Bank see some gradual depreciation as risk markets are now priced for perfection, leaving the kiwi vulnerable to a global slowdown. Key quotes “We still see depreciation but we have pushed out the timing, mindful that there are powerful short-term drivers at play (liquidity, global reopening, NZ having beaten the virus).” “We believe a lot of good news is now priced in (just look at equities!) and expect NZD to be under pressure as unemployment rises everywhere and global growth slows.” “Support 0.5850 Resistance 0.6170” 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 Cryptocurrency Market News: Bitcoin outflow from exchanges hits 310,000 BTC since March 12 crypto crash FX Street 3 years NZD/USD continues to hover around 0.61 after a quiet US and UK holiday affected season. Analysts at ANZ Bank see some gradual depreciation as risk markets are now priced for perfection, leaving the kiwi vulnerable to a global slowdown. Key quotes “We still see depreciation but we have pushed out the timing, mindful that there are powerful short-term drivers at play (liquidity, global reopening, NZ having beaten the virus).” “We believe a lot of good news is now priced in (just look at equities!) and expect NZD to be under pressure as unemployment rises everywhere and global growth slows.” “Support… 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.
