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ANZ said NZD/USD continued to trade above the 0.6235 resistance level, with lower U.S. bond yields and hopes of a Fed policy shift boosting risk appetite.
U.S. markets were closed on Thursday for the Thanksgiving public holiday, and ANZ said the week could end in thin trade as markets tend to focus on local factors. ”
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As we’ve said in recent days, we do think rate hikes and the RBNZ’s hawkish stance are generally positive for the NZD, but the market is flooded with recession talk, which undoubtedly brings with it the risk of negative sentiment starting to build up. . “
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