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NZD/USD: Outlook remains negative – Westpac

NZD/USD remains almost entirely influenced by global risk sentiment, as are many other “risky” currencies during this crisis, per Westpac Institutional Bank.

Key quotes

“With global sentiment remaining vulnerable to further weakness, our near term outlook for NZD remains negative, targeting a break below 0.5800 during the week ahead.”

“As March and April hard data are released, markets are likely to react to the actual extent of damage done to the NZ economy, potentially taking NZD/USD below 0.5500.”

 

US Initial Jobless Claims: Forecasting 3.3m for the week ending 28 March – Deutsche Bank

One of the main events to look out for today will be the latest weekly initial jobless claims in the US. Economists at Deutsche Bank forecast the labo
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USD/JPY: Falling further going forward – MUFG

The global COVID crisis is set to keep the yen well supported. With yields in the US set to drop further, economists at MUFG Bank see USD/JPY falling
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