Forex Flash: Year-end 2013 forecast for NZD/USD revised to 0.81 - BNZ

FXstreet.com (San Francisco) - From Mike Jones, Currency Strategist at BNZ: "We've revised up our NZDUSD forecasts for the second half of 2013. Previously, we expected the currency to gradually head lower through this period. We now see less chance of this occurring and have lifted our end-2013 forecast from 0.7800 to 0.8100 accordingly."

Mr. Jones adds: "Our pre-June 2013 forecasts remain unchanged. It's not a story of additional marked strength in the currency, more a stronger for longer view."