OctaFX | OctaFX Forex Broker
Open trading account

Further NZD/USD weakness seen in the medium-term - BNZ

FXStreet (Łódź) - Raiko Shareef, Currency Strategist at BNZ points out that NZD/USD fell by 5% over the last month and expects the weakness to continue in the medium term.

Key quotes

"The NZD/USD has plunged 5% in the past month, with RBNZ intervention talk (and action) coinciding with the broader USD upswing."

"Thanks to these tailwinds, we hit our bearish and below-market end-2014 target of 0.80 well before time."

"As a result, we have marked our year-end target lower to 0.78, while keeping our end-2015 target unchanged at 0.73."

"That remains an aggressively bearish view, relative to the rest of the market."

AUD/USD 0.8770 expected to hold – UOB Group

Quek Ser Leang, Market Strategist at UOB Group, sees any pull back in AUD/USD to be well contained around 0.8770....
Read more Previous

Aluminium stocks fall while Nickel stocks rise

Metal inventory data from the London Metal Exchange (LME) today showed a decline in inventory levels of Aluminium, Copper, and Zinc.
Read more Next
Start livechat