This by way of the parents at eFX.
Goldman Sachs likes quick NZD/CAD over the medium-term.
“We discover that quick NZD/CAD tends to outperform as monetary circumstances tighten, notably if pushed by a hawkish Fed, in addition to lengthy CAD/NOK, if additionally fueled by rising development considerations,” GS notes.
“This reinforces our view that CAD ought to proceed to outperform on crosses, notably towards higher-beta G10 currencies, even because it weakens versus USD,” GS provides.
Attention-grabbing reasoning from GS on NZD/CAD. I suppose if oil does handle to carry a bid from OEPC’s actions that’ll help additionally.
GS seems to be lagging a bit on NZD/CAD although …
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