Flash: NZD/USD seen at 0.78 year end - BNZ

FXstreet.com (Barcelona) - As the trend for higher US bond yields and a stronger USD gathers pace, the NZD/USD is now expected to end the year at 0.7800, "albeit with risks tilted toward the upside" notes Mikes Jones, FX Strategist at BNZ.

Jones adds: "Our view of fundamental NZ outperformance hasn’t changed, however, and is still reflected in the forecast appreciation of NZD/EUR, NZD/JPY, NZD/GBP and NZD/AUD." Jones especially stressed the compelling case for a lower AUD/NZD "given the ongoing underperformance of the Australian economy" Jones said.