NZD/USD had a whippy end to the week, closing a touch lower. But, according to economists at ANZ, the kiwi should be a beneficiary of stronger US growth and the global cyclical asset price uplift. US growth should benefit all global cyclical assets “The kiwi had a whippy end to the week. Price action in US bonds (and by extension, the USD) was similarly whippy and yields did end higher, but so too did equity indices. Cloudy as that sounds, it is as you’d expect given the better growth picture, and US data has certainly impressed of late. And stronger US growth should benefit all global cyclical assets, including the NZD and Asian currencies, and, this theme appears to be at play.” “The local economic picture is good (but not exceptional) and at the margin, that should support the NZD more than others during a cyclical risk uplift.” “Support 0.6703/0.6900 Resistance 0.7100/0.7190″ 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 set to continue south as virus seasonality hits Australia – Nordea FX Street 2 years NZD/USD had a whippy end to the week, closing a touch lower. But, according to economists at ANZ, the kiwi should be a beneficiary of stronger US growth and the global cyclical asset price uplift. US growth should benefit all global cyclical assets "The kiwi had a whippy end to the week. Price action in US bonds (and by extension, the USD) was similarly whippy and yields did end higher, but so too did equity indices. Cloudy as that sounds, it is as you'd expect given the better growth picture, and US data has certainly impressed of late. And… 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.
