30 Aug 2013
Flash: Risk for NZD/USD to target the low 0.70’s - Westpac
FXstreet.com (Barcelona) - According to Westpac FX Strategy Team, NZD/USD remains poised to test the bottom of a 2-month range at 0.7685, with a resolution below setting the stage for much deeper falls towards the low 0.70’s.
Westpac adds: "Fed tapering remains the main factor here so that a start at the Sep FOMC is probably required keep our bearish NZD/USD outlook intact." Looking at NZ fundamentals, the bank states "they remains supportive but there are no major data releases until the RBNZ’s MPS on 12 Sep."
Westpac adds: "Fed tapering remains the main factor here so that a start at the Sep FOMC is probably required keep our bearish NZD/USD outlook intact." Looking at NZ fundamentals, the bank states "they remains supportive but there are no major data releases until the RBNZ’s MPS on 12 Sep."