NZD/USD: a week is a long time in politics, but... - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that they say a week is a long time in politics, "but it is clearly a long time in FX markets too", they said, with the NZD back under pressure again as local political polls whipsaw.

Key Quotes:

"That is hardly going to die away as a theme into next week as the election remains too close to call. And with the USD being buoyed by hints of a stabilization in inflation (and what that potentially means for future Fed rate hikes), further tests lower look possible.

"The 200 day MA around 0.7140 could be an initial target."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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