NZD/USD bulls aim for a test of 0.67 the figure and weekly lows By ross_burland NZDUSD DollarIndex CPI Currencies Fed
US CPI will be eyed for the next potential catalyst.
.'' However, the analysts argued that ''in the context of moves seen last year, the NZD’s rally of around a cent off last Friday’s lows was pretty tame.''rather than directionality, with the markets unsure whether it likes rate hikes or don’t .'' However, given how the greenback has been weighed by US rates taking a breather, This may be the calm before the storm. ''If those readings come in hot, it could be the trigger for the next leg higher in U.S. yields and likely push the 10-year above 2% for the first time since August 2019,'' analysts at Brown Brothers Harriman warned. ''Fed tightening expectations would also pick up and likely push the short end of the US curve higher, which would support the dollar.