Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 23 - 05:55 AM

AUD/NZD - NZD Bearish German Bank Eyes AUD/NZD Return To 1.10

By Richard Pace  —  Jan 23 - 03:35 AM
  • Deutsche bank research desk is bearish NZD and think AUD/NZD reaches 1.10

  • They note how NZD is propped by high rates and strong data surprises now

  • But New Zealand stacks up poorly vs other G10 countries on other metrics

  • They cite business and consumer sentiment, current account, valuation

  • Deutsche think support from high rates/strong data could fade

  • NZ rates have already compressed to global peers somewhat

  • Consumer spending looks weak, migration return could lessen wage pressure

  • NZD support from bond inflows could ease as rates moderate

  • They say foreign direct income could also melt away as recession unfolds



For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!