... in a nutshell we will see a 25bps hike tomorrow as widely expected (95% odds) ... this will add colour to the policy equilibrium with inflation and employment both on track in the U.S
-> with that being said, this decline will focus less on the interpretation of the hikes, instead the details will be in balance sheet, the rhetoric will be important as we start to begin guidance towards a reduction announcement likely to come in Sept.
Upward momentum in NZD remains scarce and the odds for a move above 0.74xx are not high, therefore, making NZD USD one of the best instruments to ride the change in expectations in the balance sheet for the coming Quarters ...
-> with that being said, this decline will focus less on the interpretation of the hikes, instead the details will be in balance sheet, the rhetoric will be important as we start to begin guidance towards a reduction announcement likely to come in Sept.
Upward momentum in NZD remains scarce and the odds for a move above 0.74xx are not high, therefore, making NZD USD one of the best instruments to ride the change in expectations in the balance sheet for the coming Quarters ...
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Yesterday provided the game changer in NZDUSD
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signs of exhaustion
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textbook