Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 20 - 02:55 PM

NZD: Thursday's NZ Inflation Print Likely To Have Conflicting Impacts On NZD - Credit Agricole

By eFXdata  —  Apr 20 - 01:30 PM

Credit Agricole CIB Research discusses NZD outlook around tonight's NZ CPI print.

"Thursday’s inflation reading will potentially have conflicting impacts on the NZD. While a stronger-than-expected reading would boost investor expectations of the RBNZ becoming more aggressive and leading to a sell-off in the front end of the NZ rates curve, it could also lead to curve flattening as investors build in a greater risk of NZ’s economic recovery being snuffed out by the RBNZ," CACIB notes. 

"So, we recommend that investors pay attention to both the short and long ends of the NZ rates curve to gauge the near-term impact of Thursday’s inflation number on the NZD," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!