NZD/USD: The kiwi will be pummelling by the US CPI - ANZ

The US dollar continues its winning stroke prior to the release of the key US CPI data this week, whereas the Kiwi in 2022 is still fighting at its low level.

May 09, 2022 - 12:41 PM 267 views

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The US dollar continues its winning stroke prior to the release of the key US CPI data this week, whereas the Kiwi in 2022 is still fighting at its low level. ANZ bank reported that economists hoped that stronger than predicted inflation would boost the greenback.

The truth of Volatility bites

By considering this week’s data schedule, the US CPI is expected to top the list, and whereas the NZ inflation forecast data is on due, it is extremely hard to predict any decline in non-generic volatility. Threats to US CPI appear binary, with markets predicting a slight moderation of 8.5% to 8.1%. be gently soothing, but a boost would rejuvenate the estimations of the 75 basis points (bps) raise and perhaps give the USD a hike.

The idea of accompanied global tightening policies may continue, but when the reality of unstable volatility bites, it feels like a forgotten fantasy.

Support 0.5940/0.6230

Resistance 0.6465/0.6545/0.6700  

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