NZD on the defensive – ANZ

The kiwi is behaving remarkably well and largely thumbing its nose at the volatility seen elsewhere, according to Philip Borkin, Senior Economist at ANZ.

Key Quotes

“We don’t think that will be sustained and feel that equity market volatility will eventually result in a broader assessment of risk appetites overall, putting the NZD on the defensive. US CPI figures the key this week.”

“Support 0.7140 Resistance 0.7350”