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11 Sep 2013
Flash: NZD/USD could make run to 0.8200 ahead of RBNZ – Westpac
FXstreet.com (Lisbon) - Sean Callow, a Global FX Strategist at Westpac analyzes the short-term outlook of the NZD/USD ahead of the RBNZ this week.
Key quotes
“The NZD/USD should benefit from the recent slippage in Fed tapering expectations.”
Moreover, “the NZD/USD remains consolidative, ranging between 0.77 and 0.82 during the past three months. The week ahead is busy with supportive NZ data so further upside is possible toward 0.82, though the RBNZ shouldn't be too hawkish.”
Key quotes
“The NZD/USD should benefit from the recent slippage in Fed tapering expectations.”
Moreover, “the NZD/USD remains consolidative, ranging between 0.77 and 0.82 during the past three months. The week ahead is busy with supportive NZ data so further upside is possible toward 0.82, though the RBNZ shouldn't be too hawkish.”