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Sep 05 - 09:48 AM
NZD: Relative Rate In Focus; Scope For AUD/NZD Gains M-Term - Credit Agricole
First appeared on eFXplus on Sep 04 - 05:15 PM

Credit Agricole CIB Research discusses NZD outlook and adopts a bearish bias on the crosses against AUD in the medium-term.

"Relative rates will also be important for the NZD, potentially more so than the AUD given the RBNZ’s willingness to cut rates.

Business confidence data was sobering last week, but there is little on the domestic calendar to drive the NZD this week, so it will likely be a function of US rates and offshore events," CACIB argues. 

Source:
Crédit Agricole Research/Market Commentary

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