21 Jan 2015
Currency theme; bearish on NZD - ANZ
FXStreet (Guatemala) - Analysts at ANZ gave a snap shot for their themes across some currencies.
Key Quotes:
"For the EUR we focus on what has become an increasingly hostile internal economic and policy environment."
"In the antipodes we argue that 2015 will be the year the AUD develops an image problem, much like it did in the late 1990s, and for the NZD the downgrade to our RBNZ profile reaffirms our bearish stance on the currency."
"In Asia also we remain steadfast, arguing that the region will underperform the USD, with the CNY and INR the best of the region."
Key Quotes:
"For the EUR we focus on what has become an increasingly hostile internal economic and policy environment."
"In the antipodes we argue that 2015 will be the year the AUD develops an image problem, much like it did in the late 1990s, and for the NZD the downgrade to our RBNZ profile reaffirms our bearish stance on the currency."
"In Asia also we remain steadfast, arguing that the region will underperform the USD, with the CNY and INR the best of the region."