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Credit Suisse: Near-term bearish outlook for NZD - eFXnews

FXStreet (Łódź) - The eFXnews team note that Credit Suisse's near-term outlook for NDZ is bearish.

Key quotes

"The slower buildup in inflation pressures and, importantly, sharp fall in dairy prices led us to expect the RBNZ to pause after the July hike."

"The rate market is still pricing for a small chance of an RBNZ hike in September and October and could be vulnerable for a correction."

"We remain bullish NZD fundamentally and look for monetary and economic divergence between Australia and New Zealand to continue to drive AUD/NZD lower into 2015."

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