12 Jan 2015
NZD/USD may fall to 0.7000 by 2015-end – BNZ
FXStreet (Barcelona) - Analysts at BNZ anticipate NZD/USD to head towards 0.7000 levels by 2015-end, with further USD strength expected to aid the decline.
Key Quotes
“We expect another year of gradual abatement in terms of NZD/USD, albeit with frustration on the crosses. This time last year we were considered by many as very bearish in forecasting NZD/USD dropping to 0.7700 by end-2014, from around 0.8400 at the outset. In the end, we weren’t too -4 far off. From here (circa 0.7800 this morning), we are looking for 0.7000 by end-2015, partly based on further strengthening in the US dollar.”
Key Quotes
“We expect another year of gradual abatement in terms of NZD/USD, albeit with frustration on the crosses. This time last year we were considered by many as very bearish in forecasting NZD/USD dropping to 0.7700 by end-2014, from around 0.8400 at the outset. In the end, we weren’t too -4 far off. From here (circa 0.7800 this morning), we are looking for 0.7000 by end-2015, partly based on further strengthening in the US dollar.”