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UEUR - EUR/NZD Could Strengthen On The Back Of COVID-19 Risks And A Stronger Real Yield
October, 14 2020 03:18 AM
Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480
EUR/NZD has been consolidating over the past few weeks. The euro remains stronger against the U.S. dollar this year, as does the New Zealand dollar. However, while EUR has found appeal as an even closer competitor to USD (as a world reserve currency), NZD is exposed to plenty of risks. Tourism is a significant component of NZ GDP and employment. As a second wave of COVID-19 drags on, the NZ economy is likely to struggle. Further, a OECD PPP model and a separate real yield calculation both support a stronger EUR/NZD exchange rate. For further details see:
EUR/NZD Could Strengthen On The Back Of COVID-19 Risks And A Stronger Real Yield
Stock Information
Company Name:
Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480
Stock Symbol:
UEUR
Market:
NYSE
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