NZD/USD: Kiwi may appreciate despite it looking quite average from a purely domestic perspective – ANZ

USD gains immediately after stronger-than-expected jobs data were not sustained. This week all about US CPI and NZ inflation expectations, economists at ANZ Bank report.

2023 remains about getting the USD right

“This week is a quieter one on the data and event front compared to last week, but we do get US CPI and NZ inflation expectations, both of which are key. But the US bond market is of the view that the Fed is done; if that continues to weigh on the USD, the Kiwi may appreciate despite it looking quite average from a purely domestic perspective. 2023 remains about getting the USD right.”

“Support 0.5750/0.5900/0.6085 Resistance 0.6365/0.6540”