24 Mar 2015
AUD/NZD to reach parity by end of 2015 - Rabobank
FXStreet (Bali) - Jane Foley, FX Strategist at Rabobank, expects a move towards 0.70 on a 12 mth view i AUDUSD and a move towards parity in AUDNZD by the end of 2015.
Key Quotes
On the back of broad based USD strength we expect that USD/NZD can trend lower towards a 0.70 area on a 12 mth view."
"However, we expect that relatively weaker fundamentals in the Australian economy suggest that the AUD is likely to weaken against the USD at a faster pace."
"In contrast to the steady policy outlook of the RBNZ, we expect the RBA to cut rates further this year as the country’s export position is impacted by slowing growth in China and weak prices for iron ore and coal."
"We forecast a move towards AUD/USD0.70 on a 12 mth view and a move towards AUD/NZD parity by the end of 2015."
Key Quotes
On the back of broad based USD strength we expect that USD/NZD can trend lower towards a 0.70 area on a 12 mth view."
"However, we expect that relatively weaker fundamentals in the Australian economy suggest that the AUD is likely to weaken against the USD at a faster pace."
"In contrast to the steady policy outlook of the RBNZ, we expect the RBA to cut rates further this year as the country’s export position is impacted by slowing growth in China and weak prices for iron ore and coal."
"We forecast a move towards AUD/USD0.70 on a 12 mth view and a move towards AUD/NZD parity by the end of 2015."