OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD targets 0.8200 – Westpac

FXStreet (Edinburgh) - Analysts at Westpac Global Strategy Group still see the pair heading towards 0.8200.

Key Quotes

“The two month old decline in NZD/USD remains intact, targeting the 0.8200 area next”.

“We suspect that even if the RBNZ MPS on Thu is a hawkish surprise to the interest rate markets, the NZD will remain downtrodden”.

“NZ economic momentum has certainly slowed and markets will remain skeptical the RBNZ will deliver the OCR increases which have been projected”.

“Conversely, the US dollar continues to strengthen. By year end, we would expect to see NZD/USD in the 0.80-0.82 area”.

Credit Agricole: Recent GBP drop connected with Scottish independence vote - eFXnews

The eFXnews team comment on Credit Agricole 's observation that since the beginning of July GBP/USD fell to 1.611 from 1.719 and as the drop accelerated last week it is most probably due to the market pricing in risks of Scotland voting 'yes' in the independence referendum.
Read more Previous

European stocks extend pullback

European stocks retreated further Tuesday as investors weighed companies performance, Scottish independence referendum and central bank stimulus.
Read more Next
Start livechat