Filed Under:
Forex pairs in this Article » NZD/USD
FXstreet.com (Barcelona) - According to BNZ's Currency Strategist Mike Jones: "The NZD has become slightly more overvalued on a long-run basis. The NZDUSD, NZD/GBP, and NZD/EUR are now all trading well over one standard deviation above their long-run equilibriums. This does not necessarily imply immediate pressure on these currency pairs to fall," the analyst notes, adding: "all of these currencies have been more overvalued in the past. However, it does support the idea additional upside in the NZDUSD, NZD/EUR and NZD/GBP could be limited," Mike concludes.
comments powered by Disqus