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NZD/USD carry opportunity, a delicate balance - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at ANZ explained the carry attraction in NZD/USD.

    See here for latest price action in NZD/USD, (NZD/USD meeting key resistance and in a correction).

    Key Quotes:

    "NZD/USD surged back into the 0.66’s as global sentiment continued to improve, but global growth remained slow.

    Markets are pricing NZD for that sweet spot where growth slows enough to keep liquidity plentiful and carry attractive, but not enough to cause ‘risk off’. A delicate balance ensues."

    See here for latest price action in NZD/USD, (NZD/USD meeting key resistance and in a correction).
    For more information, read our latest forex news.
     

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