Forex Flash: NZD/USD to stay above 0.8000 for all 2013 long – BNZ
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NZD/USD
FXstreet.com (Barcelona) - According to Currency Strategist at BNZ, Mike Jones, 2013 wont be a year for clear or strong trends in the Kiwi, as he notes that "the year will be characterised by range-trading rather than strong trends," the analyst says, while NZDUSD is currently pushing against the 0.84 round figure, near the recent 3-week highs at 0.8410.
"Our forecasts have the NZDUSD holding above 0.8000 for all of 2013, with 0.8100 expected for year end," Mike adds, expanding: "We see the risks around these forecasts as skewed to the upside over the first half of 2013, and to the downside over H2," he concludes.
"Our forecasts have the NZDUSD holding above 0.8000 for all of 2013, with 0.8100 expected for year end," Mike adds, expanding: "We see the risks around these forecasts as skewed to the upside over the first half of 2013, and to the downside over H2," he concludes.
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