NZD/USD: Volatility beckons in a usually positive month for the Kiwi – ANZ NZDUSD CentralBanks Banks Volatility
“NZD seasonality is usually positive in December, but while it has that and higher interest rates in its corner, there are no guarantees that it will finish this week un-bruised, with several central bank meetings due.”meeting, which is expected to be hawkish, with a 50 bps hike and a much higher terminal rate ‘dot plot’. Our chief concern is what this might do to the USD, which has come under pressure as the trendy ‘pivot’ narrative has taken hold, despite clear signs of sticky US inflation.
“NZ factors will also play a role, with the HYEFU and GDP due this week, but they’re likely to play second fiddle to volatility and the global vibe .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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