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5 Mar 2014
Flash: NZD/USD to keep 0.81-0.84 range in H1 - BNZ
FXStreet (Bali) - According to Raiko Shareef, Currency Strategist at BNZ, NZD/USD looks poised to keep the 0.8100-0.8400 range during the first half of 2014.
Key Quotes
"With tailwinds of recovering risk sentiment and spectacular domestic data, it is unsurprising that the NZD outperformed all the majors against the USD over February."
"The currency traversed the width of the 0.8100-0.8400 range we expect it to keep over the first half of 2013."
"Given the decline in risk sentiment into the end of February, we suspect 0.8400 will provide some resistance, while fundamentals dictate a modest decline through to year-end. Our end-2014 call remains 0.7700."
Key Quotes
"With tailwinds of recovering risk sentiment and spectacular domestic data, it is unsurprising that the NZD outperformed all the majors against the USD over February."
"The currency traversed the width of the 0.8100-0.8400 range we expect it to keep over the first half of 2013."
"Given the decline in risk sentiment into the end of February, we suspect 0.8400 will provide some resistance, while fundamentals dictate a modest decline through to year-end. Our end-2014 call remains 0.7700."