Forex News

10:13:00 24-01-2022

NZD/USD to make its way back to the 0.6800 mark if the mood improves – ING

New Zealand will release Consumer Price Index (CPI) data on Wednesday. Strong figures could lift the kiwi, which is expected to climb back to the 0.6800 level, according to economists at ING. 

Another big jump in inflation

“The market’s tightening expectations for the Reserve Bank of New Zealand are already quite aggressive (a 25bp hike in mid-February and at least five more in 2022), but we think that a strong CPI read may fuel speculation that the Bank will go for 50bp in February, which should be translated into a stronger NZD.”

“We think NZD/USD can make its way back to the 0.6800 mark, although that clearly relies on a stabilisation in the overall risk environment.”

 

News provided by the portal FXStreet
Contacts
Close
Up