NZD/USD: Fed to put Funds rate above the RBNZ’s OCR, a challenge for the kiwi – ANZ

remains below 0.60. Economists at ANZ Bank expect the kiwi to remain under pressure as the Federal Reserve is set to put Fed Funds rate above the RBNZ’s OCR.“The kiwi remains below the psychological 0.60 level. Support at 0.5940 has held so far in a textbook fashion, but these technical levels can be quickly overcome by macroeconomic events, and this week brings the September Fed meeting.

“It’s a light data week locally, and that makes the Fed the singular focus, and importantly, either 75 or 100 bps will put the Fed Funds rate above the RBNZ’s OCR; that’s the NZD’s challenge.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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