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Kiwi Struggles As Asia Equities Move Lower, Domestic Politics Also Eyed


NZD finds itself at the bottom of the G10 FX performance table. While the pressure for Asia-Pac equities is no doubt weighing on the Kiwi, Citi remind that the move comes ahead of the weekend’s domestic general election, “suggesting some late political risk premium being added.” Their sales desk flag “appetite for topside in AUD/NZD coming through ahead of the weekend both in cash and via options.”

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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