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16 Aug 2013
Flash: NZD/USD has the momentum to sustain 0.8100– Westpac
FXstreet.com (New York) - The NZD/USD continues to consolidate its large decline in May/June, stuck inside a 0.7685-0.8105 range, notes Global FX Strategist Sean Callow at Westpac.
Key quotes
“Near-term, the NZD/USD bounce since 5 August has energy and could run to 0.8100 during the week ahead. NZ data remains supportive so that any surprises to our view are likely to be US dollar-related.
“Multi-month, though, NZD/USD will be at the mercy of the Fed’s decision on tapering.”
Key quotes
“Near-term, the NZD/USD bounce since 5 August has energy and could run to 0.8100 during the week ahead. NZ data remains supportive so that any surprises to our view are likely to be US dollar-related.
“Multi-month, though, NZD/USD will be at the mercy of the Fed’s decision on tapering.”