纽元/美元:偏鹰派新西兰联储支撑美元区间震荡交易 – BBH
布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德指出,在新西兰储备银行(RBNZ)鹰派按兵不动后,新西兰元(NZD)表现优异。

布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德指出,新西兰储备银行(RBNZ)鹰派按兵不动后,纽元(NZD)表现优异。尽管官方现金利率(OCR)路径上调且暗示提前加息,但由于美国经济增长强于新西兰,预计纽元/美元短期将在0.5800–0.6000区间内波动,限制其上涨空间。

纽储行分裂投票支持纽元

“纽储行采取了鹰派按兵不动的立场。正如广泛预期的那样,纽储行连续第三次会议将官方现金利率(OCR)维持在2.25%。然而,此次决定以3比3的投票分裂悬而未决。”

“行长安娜·布雷曼(Anna Breman)、卡伦·西尔克(Karen Silk)和首席经济学家保罗·康威(Paul Conway)投票支持按兵不动。卡尔·汉森(Carl Hansen)、海莉·古利(Hayley Gourley)和普拉桑纳·盖(Prasanna Gai)投票支持加息25个基点。在这种情况下,行长的决定性投票打破僵局,支持维持利率不变。”

“此外,纽储行更新了官方现金利率路径,上调至更接近掉期曲线定价的水平(未来三年内紧缩150个基点)。”

“首次完整的25个基点加息预计将较之前的2027年第一季度提前至第三季度,预计到2029年总计紧缩100个基点,高于之前的75个基点。”

“纽元/美元短期内应继续在0.5800-0.6000的狭窄区间内交易。相较于新西兰,美国更强劲的增长前景限制了纽元/美元的上涨空间。”

(本文由人工智能工具协助生成,编辑审核。)

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