NZD/USD at Risk of Safe-Haven Flows After Attack on Israel
ANZ Bank suggests that the near-term outlook for the NZD/USD currency pair will be influenced by market reactions to tensions in Israel, potentially resulting in safe-haven flows.
According to ANZ Bank, the near-term outlook for the NZD/USD currency pair is influenced by market reactions to tensions in Israel, which could result in safe-haven flows. ANZ also speculates whether the recent decline in the USD DXY (Dollar Index) is temporary, considering the USD's tendency to perform well in response to strong data and higher U.S. bond yields. This week marks the final week of campaigning before New Zealand's national election on Saturday. ANZ notes that markets have not shown significant reactions to polling thus far, suggesting that the election may pass without much impact. As of Monday, the NZD/USD stands at 0.5964. (EMAIL; URL)