Economists at Westpac see potential for further gains above 0.7000 over the next few days, although the NZD/USD rally is getting stretched. Key quotes “The NZD/USD rally has been given fresh energy, the Finance Minister’s intervention in the RBNZ’s remit (proposing to include a house price clause) interpreted by the market as potentially lessening the need for further easing.” “A second probe above 0.7000 during the next day or two is possible.” “Multi-month, we expect risk sentiment to remain elevated into year-end, supported by unprecedented global central bank and government stimulus, and the USD to remain in a downtrend. In addition, the NZ economy’s performance since covid has been impressive, providing fundamental support for NZD outperformance.” 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 USD/CAD hangs near two-week lows, up little around 1.3000 mark FX Street 2 years Economists at Westpac see potential for further gains above 0.7000 over the next few days, although the NZD/USD rally is getting stretched. Key quotes “The NZD/USD rally has been given fresh energy, the Finance Minister’s intervention in the RBNZ’s remit (proposing to include a house price clause) interpreted by the market as potentially lessening the need for further easing.” “A second probe above 0.7000 during the next day or two is possible.” “Multi-month, we expect risk sentiment to remain elevated into year-end, supported by unprecedented global central bank and government stimulus, and the USD to remain in a downtrend. In addition,… 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.
