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NZD/USD to reach 0.6500? - TDS

FXStreet (Guatemala) - Prash Newnaha & Annette Beacher, analysts at TD Securities said “What was not particularly helpful were some comments by newly re-elected PM John Key (for a third term)”.

Key Quotes:

“Key was asked about the prospect of RBNZ intervention after Governor Wheeler issued that statement last week”.

“PM Key was asked what he thought was a fair level for the NZD, and he responded with the “Goldilocks level” of being “not too hot or not too cold” at around USD0.65”.

“There are always risks in voicing a specific number, as they tend to be absorbed by financial markets and analysts as benchmarks. Will the RBNZ intervene until the NZD reaches USD065? Highly unlikely”.

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