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NZD/USD; Implications for corporate hedging - BNZ

FXStreet (Guatemala) - Raiko Shareef, Currency Strategist at BNZ are bearish and look from a corporate’s hedger’s point of view.

Key Quotes:

“While a NZD/USD break below 0.84 might take time (perhaps as long as September), they think exporters might be rewarded for their patience should a breach prompt a further extended decline”.

“We do not think the market has much appetite for NZD/USD above 0.86, and importers should consider any foray above that level as good opportunities”.

United Kingdom BRC Retail Sales Monitor - All (YoY) below expectations (0.55%) in July: Actual (-0.3%)

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