NZD likely to trade on the back foot this week - ANZ

The NZD cannot buy a trick and is having little trouble in breaking through support levels, according to analysts at ANZ.

Key Quotes

“With global forces in the box seat we expect it to continue to trade on the back foot this week.”

“US data continues to be doing just enough to support the greenback and trade tensions and emerging market troubles are weighing on risk appetites more generally. However, this same weakness in risk appetites is seeing the AUD struggle too.”