FX News

NZD/USD Transfer

The New Zealand Dollar (NZD) eased back below 0.6000 to 0.5980 midweek but has recovered against the US Dollar (USD) into early Friday to 0.6035 as risk and equity markets improved. US Core inflation holds the key to the Fed interest rate moves on the horizon, key to keeping interest rate cuts on the table over the next few months CPI will need to shift lower in next week’s report. Currently this is 0.4% with expectations of a read of 0.3%. This will move the yearly inflation number from 3.5% to 3.4%. The cross now eyes last week’s prior top at 0.6046 and past this point the 8-week high of 0.6105. We think with central bank divergence will start to play a bigger part over the next few months, we may have seen the last of the yearly low levels around 0.5850.

The current interbank midrate is: NZDUSD 0.6035

The interbank range this week has been: NZDUSD 0.5980- 0.6039









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