NZD/USD: All eyes are on the 0.6200 level amid sluggish price action – ANZ

NZD/USD is right on key support at 0.62. Economists at ANZ Bank discuss Kiwi outlook.

Tight labour markets and sticky inflation remain the key themes

“Tight labour markets and sticky inflation remain the key themes. Of course, NZ is in that situation too, and alongside the USD, is on track to continue to top global league tables on the bond yield front. That, alongside an expected boost in economic activity post the cyclone has potential to offset what many fear is a fresh wave of USD strength.”

“But right here, right now, all eyes are on the 0.6200 level amid sluggish price action.”

“Support 0.5900/0.6090/0.6200 Resistance 0.6540/0.6675”