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20 Sep 2013
Flash: Post-FOMC surge in NZD/USD to be sustained - BNZ
FXstreet.com (Barcelona) - In a nutshell, Mike Jones, Currency Strategist at BNZ, believes NZD/USD will end the year at 0.8350, and the NZ TWI at 79.00 after yesterday's 'no taper' FOMC meeting.
Jones notes: "In short, we think the post-FOMC surge higher in the NZD will be sustained. From a practical perspective, a buy on dips strategy remains appropriate. It's just that the ‘buy zone’ may have moved up from around 0.7700 to around 0.8000."
Jones notes: "In short, we think the post-FOMC surge higher in the NZD will be sustained. From a practical perspective, a buy on dips strategy remains appropriate. It's just that the ‘buy zone’ may have moved up from around 0.7700 to around 0.8000."