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Apr 06 - 02:55 PM

NZD: Long & Look To Buy On Dips; USD: Mixed Backdrop - TD

By eFXdata  —  Apr 06 - 01:30 PM

TD Research likes long NZD against the USD and EUR in April.

"We're more optimistic on NZD, given the major discount on offer so look to buy into dips. For the broad USD, it's important to note that in the face of stronger data yields remain contained and global equities upbeat. 

"The USD needs a weaker global economy to retain the sole kingship of the global FX market. In the absence of a weaker global economy, expect a more mixed USD backdrop, focusing more on relative value trades," TD adds. 

Source:
TD Bank Research/Market Commentary

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