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NZD/USD: supported by a solid domestic economy - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at ANZ noted the conditions surrounding the Kiwi overnight.

    Key Quotes:

    "NZD/USD lifted overnight as the USD remained under broad pressure. The
    failure of kiwi to push any lower suggests its heading for a test higher as
    markets have lost faith in the USD strength story."

    "The domestic economy remains solid and there are higher yields on offer too providing additional NZD support."
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