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4 Mar 2015
NZD/USD: High 0.70's on the cards in a longer term view
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7949 with a high of 0.7557 and a low of 0.7540.
NZD/USD has recently taken some comfort in dairy prices stabilising as well as the local economy remaining in fair shape, and has only really subject to performances in the greenback and the mood of the risk environment. The pair is in neutral territory around the mid point of the 0.75 handle.
Technically, through the and beyond the neutral environment, Imre Speizer, analyst at Westpac Banking Corporation explained from a longer term view, by late 2015, the exchange rate should stage a rebound towards the high 0.70’s if NZ’s commodity prices rise as we expect. "This, plus the risk-seeking atmosphere resulting from more of the global economy participating in recovery, should offset the interest rate disadvantage resulting from Fed tightening."
NZD/USD has recently taken some comfort in dairy prices stabilising as well as the local economy remaining in fair shape, and has only really subject to performances in the greenback and the mood of the risk environment. The pair is in neutral territory around the mid point of the 0.75 handle.
Technically, through the and beyond the neutral environment, Imre Speizer, analyst at Westpac Banking Corporation explained from a longer term view, by late 2015, the exchange rate should stage a rebound towards the high 0.70’s if NZ’s commodity prices rise as we expect. "This, plus the risk-seeking atmosphere resulting from more of the global economy participating in recovery, should offset the interest rate disadvantage resulting from Fed tightening."