Goldman Sachs likes a short NZD against CAD - likes CAD generally on crosses<p class="western" align="left">
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</p><p>Goldman Sachs likes short NZD/CAD over the medium-term.</p><p>"We find that short NZD/CAD tends to outperform as financial conditions tighten, particularly if driven by a hawkish Fed, as well as long CAD/NOK, if also fueled by rising growth concerns," GS notes.</p><p>"This reinforces our view that CAD should continue to outperform on crosses, particularly against higher-beta G10 currencies, even as it weakens versus USD," GS adds.</p><p>Interesting reasoning from GS on NZD/CAD. I guess if oil does manage to hold a bid from OEPC's actions that'll assist also. </p><p>GS looks to be lagging a bit on NZD/CAD though ...</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Goldman Sachs likes a short NZD against CAD - likes CAD generally on crosses (https://forexlive.com/centralbank/goldman-sachs-likes-a-short-nzd-against-cad-likes-cad-generally-on-crosses-20221006/https://forexlive.com/centralbank/goldman-sachs-likes-a-short-nzd-against-cad-likes-cad-generally-on-crosses-20221006/)
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