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Home Central Banks Foreign exchange Information Goldman Sachs Likes A Brief NZD Towards CAD – Likes CAD Typically On Crosses | Forexlive

Foreign exchange Information Goldman Sachs Likes A Brief NZD Towards CAD – Likes CAD Typically On Crosses | Forexlive

by Annette YOUNG
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Eamonn Sheridan - WatanNews

Eamonn Sheridan

Thursday, 06/10/2022 | 22:21 GMT-0

06/10/2022 | 22:21 GMT-0

This by way of the parents at eFX.

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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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