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NZD/USD targets lower of hawkish Fed - UOB

FXStreet (Guatemala) - Analysts at UOB Group explained that the Oct FOMC further cements their expectation for the first Fed rate hike to take place in the 15-16 Dec FOMC.

Key Quotes:

"We still forecast the FFTR to reach 0.5% by end 2015, and 1.5% by end 2016."

"With the FOMC decision and statement out of the way, we should be able to look forward to a fairly gentle run in to month-end, although the market will continue to digest the Fed’s latest statement."

"We also initiate short NZD/USD at 0.6685, target 0.6600 and stop 0.6760."

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