NZD/USD to reward RBNZ hawkishness, but impact may well be short-lived – ANZ

The kiwi is lower this morning. Economists at ANZ expect the NZD/USD pair to react positively to a hawkish Reserve Bank of New Zealand (RBNZ) but the impact could be short-lived.

A hawkish RBNZ 

“It’s too soon to say if it’s a factor, but we may just be in the early stages of the USD coming back into favour for safe-haven reasons amid concerns around global growth.”

“We still think the NZD will probably reward RBNZ hawkishness tomorrow, but there are a lot of other balls in the air, and the local impact may well be short-lived.”

“Support 0.6060/0.6290 Resistance 0.6575/0.6660”