NZD/USD bears are moving in to test H1 structure NZDUSD Currencies DollarIndex
remains elevated and there is news from the weekend that UBS is said to take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence. Credit Suisse, the 167-year-old embattled lender had been brought to the brink of financial calamity last week, despite securing a $54bn credit line from Switzerland's central bank.
´´Financial instability and bank wobbles remain the focus, and it’s hard to see that going away any time soon, so expect ongoing volatility,´´ analysts at ANZ Bank said.´´On the one hand, New Zealand seems remote from all this and the issue of getting inflation back to target is just as pressing here than elsewhere.
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