Home Forex NZD/USD continues to target 0.75 – Credit Suisse

NZD/USD continues to target 0.75 – Credit Suisse

by kyngsam


The kiwi’s upside outlook continues to be intact vs the US greenback and, subsequently, analyst at Credit score Suisse persist with the NZD/USD forecast of 0.75.

Key quotes

“Underlying home drivers of NZD power are anticipated to persist. Stimulus/excessive progress expectations stay in play with a majority Labor authorities. Chinese language meals inflation/Latin American drought reinforce export worth outlook. Excessive monetary stability dangers and April 2021 minimal wage hike restrict potential for RBNZ dovish coverage surprises. 

“We proceed to focus on 0.75 within the NZD/USD pair.”

 



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