NZD/USD price rallies to 0.6240 amid quick solution to banking crises – by Dippusen NZDUSD Fed RiskAppetite RBNZ
rally led by quick intervention in the banking crises. The pair is trading up around 0.68% at the time of writing. Most of the Asian equity complexes are trading in the green along with steady US Treasury yields.
Given the fact that we have seen Credit Suisse's financial situation get cluttered last year, and it's not a while ago that a fundamentally similar situation happened with Deutsche Bank. In a nutshell, investors are confident that no matter what, there will be some sort of support from authorities to ease any financial glitch. And we have seen such type of effort during the COVID crisis when all central banks did whatever it took to revive the economy.
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