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Jul 29 - 09:55 AM

EUR, GBP, AUD, NZD: N-Term Themes - ANZ

By eFXdata  —  Jul 29 - 08:37 AM

ANZ Research summarizes its tactical bias on EUR, GBP, AUD, and NZD.

"In the near term some consolidation in the EUR is possible as the dovishness of the ECB and its low rates structure hamstring its recovery. The path of the GBP will depend on how COVID-19 affects the ‘free’ economy," ANZ notes. 

"The AUD will be supported by the global outlook, but the lockdowns are posing domestic risk. For the NZD, we expect consolidation ahead of the RBNZ’s first hike," ANZ adds. 

ANZ Research/Market Commentary


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