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Forex Flash: NZD/USD uptrend aided by seasonal demand; may break into 0.8500s - BNZ

December 13, 2012 | Filed Under »
Forex pairs in this Article » NZD/USD
FXstreet.com (Barcelona) - The NZD is benefiting from seasonal demand in December, says BNZ FX strategist Mike Jones; "This month is usually a seasonally positive month for the NZDUSD, while January is normally a negative" he notes. Since seasonal factors are contributing to the existing uptrend, Mike does not discard a NZDUSD break into the 0.8500s before year-end.
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