Foreign exchange Information 3 Causes The NZD Is Going To Dip Earlier than Heading In direction of 0.66 | Forexlive

Westpac with a pithy view on the New Zealand greenback out to year-end:

• The subsequent few months stay a minefield for danger sentiment, with world central financial institution tightening, recession dangers, and geopolitical tensions as backdrops.
• The 0.6060 degree is weak. However by year-end, if sentiment stabilises, there’s potential for the NZD to rebound in the direction of 0.66. By then, the Fed story must be absolutely priced into the USD.

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ICYMI, Federal Reserve Chair Powell is talking Friday, US time. Be ready for a risky one on Friday. Previews of what he’ll be saying:

• While we await Federal Reserve Chair Powell speaking on Friday – preview

• Morgan Stanley says Powell’s speech at Jackson Hole could be supportive of the USD

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• Federal Reserve System Chair Powell will give the opening remarks on the economic outlook on Friday, August 26, at 10 am (Eastern US time, 1400 GMT).

Tags

• Fed
• NZD

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