Forex Flash: NZD/USD expected to trade at 0.8100 year-end – BNZ
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NZD/USD
FXstreet.com (Barcelona) - The kiwi dollar is trading in the mid 0.83s as on Tuesday, after bottoming in the proximities of 0.8335 on shrinking risk appetite.
According to Currency Strategist Mike Jones at BNZ, "We see the NZDUSD fairly well underpinned in the year ahead. Key supports for the currency are trading partner growth, the NZ commodity price outlook and NZ relative growth dynamics. In addition, recent commentary from the RBNZ suggests it provides little impediment to the currency& Our forecasts see the NZDUSD holding up around current levels in H1 2013, drifting a little lower into year-end. Our end of year 2013 NZDUSD forecast is 0.8100".
According to Currency Strategist Mike Jones at BNZ, "We see the NZDUSD fairly well underpinned in the year ahead. Key supports for the currency are trading partner growth, the NZ commodity price outlook and NZ relative growth dynamics. In addition, recent commentary from the RBNZ suggests it provides little impediment to the currency& Our forecasts see the NZDUSD holding up around current levels in H1 2013, drifting a little lower into year-end. Our end of year 2013 NZDUSD forecast is 0.8100".
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