OctaFX | OctaFX Forex Broker
Open trading account
Back

New Zealand: More weakness for the kiwi – ANZ

We are entering an unprecedented synchronised global slowdown. As this unfolds, the current account is expected to widen over the coming year, though there are a lot of offsetting forces at play, analysts at ANZ Research brief.

Key quotes

“The income deficit will narrow a little with global interest rates now slashed. But this is expected to be overwhelmed by a slump in global trade.”

“The NZD has slid lower and we think further weakness will come, given New Zealand’s export dependence and with the RBNZ expected to conduct quantitative easing in the not-too-distant future.”

“We expect a recovery in exports when global demand picks up and trade resumes. But there is a lot of water to go under the bridge before that happens, with the slowdown likely to be protracted.”

 

USD/JPY Price Analysis: Rebounds from the vicinity of a short-term ascending trend-channel support

The USD/JPY pair managed to recover a major part of its early slide to sub-107.00 levels and is currently placed just a few pips below the Asian sessi
Read more Previous

EUR/JPY: Negative below 122.65/88 and targets the September low at 115.87 – Commerzbank

The EUR/JPY pair remains negative while below the 120.29 downtrend line, in the opinion of Karen Jones from Commerzbank. Key quotes “EUR/JPY’s outlook
Read more Next
Start livechat