24 Jun 2015
Staying short NZD - Westpac
FXStreet (Guatemala) - Analysts at Westpac Banking Corporation explained that they remain short NZD/USD from 0.7225.
Key Quotes:
"The trade may "feel" increasingly mature but against that we see scope for RBNZ rate cut expectations to fuel yet further NZD weakness."
"Markets are yet to make the leap and price in RBNZ cuts at both their July and September meetings."
"We target a push lower to 0.6795 this week while the NZ calendar is thin."
Key Quotes:
"The trade may "feel" increasingly mature but against that we see scope for RBNZ rate cut expectations to fuel yet further NZD weakness."
"Markets are yet to make the leap and price in RBNZ cuts at both their July and September meetings."
"We target a push lower to 0.6795 this week while the NZ calendar is thin."