Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 07 - 02:55 PM

NZD: RBNZ Running Out Of Dovish Tricks Near-Term; Where To Buy AUD/NZD - Credit Suisse

By eFXdata  —  Oct 07 - 12:00 PM

Credit Suisse likes buying AUD/NZD on further dips into the 1.0590-1.0650 area.

"RBNZ running out of dovish tricks in the near-term. The RBNZ delivered a small dovish surprise in its Sep rate decision by suggesting that it is willing to deploy a Funding for Lending program before year-end. Rate cuts and negative rates are well priced-in for next year, but in the short-term the potential for dovish policy surprises with likely FX impact is more limited," CS notes. 

"The AUDNZD correction may extend to the 1.0590-1.0650 area - at which point longs will be excellent value," CS adds.

Source:
Credit Suisse Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!