The Kiwi has come back a touch as risk markets take a breather, but New Zealand’s better ability to withstand short-term pain being felt offshore as the pandemic rages risk the Kiwi going higher, economists at ANZ Bank inform. Key quotes “Price action has been muted and we remain in the grip of the ebb and flow of global sentiment.” “2021 is going to be pretty tough even with a vaccine (presuming it becomes available later in the year), with more layoffs likely in the US and Europe (some businesses won’t be able to hang on that long), which speaks to more policy action there.” “With light now at the end of the tunnel, NZ’s better near-term prospects, and fading market expectations on negative rates, the path of least resistance for the NZD remains higher.” “Support 0.6805 – Resistance 0.6970” 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 AUD/USD to stop the rise at 0.7350 – Westpac FX Street 2 years The Kiwi has come back a touch as risk markets take a breather, but New Zealand’s better ability to withstand short-term pain being felt offshore as the pandemic rages risk the Kiwi going higher, economists at ANZ Bank inform. Key quotes “Price action has been muted and we remain in the grip of the ebb and flow of global sentiment.” “2021 is going to be pretty tough even with a vaccine (presuming it becomes available later in the year), with more layoffs likely in the US and Europe (some businesses won’t be able to hang on that long), which speaks… 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.
