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25 Feb 2014
Flash: NZD to depreciate modestly vs USD in 2014 - BNZ
FXStreet (Bali) - According to Raiko Shareef, Currency Strategist at BNZ, the NZD appears to have largely peaked against all of the TWI currencies.
Key Quotes
"We expect the NZD to depreciate modestly against the USD through 2014, while holding steady around these levels against the AUD, GBP, EUR, and JPY."
"The NZD/USD view is based on falling interest rate differentials and NZ commodity prices, while the wider picture is based on expectations of a broadly stronger USD over the coming years."
Key Quotes
"We expect the NZD to depreciate modestly against the USD through 2014, while holding steady around these levels against the AUD, GBP, EUR, and JPY."
"The NZD/USD view is based on falling interest rate differentials and NZ commodity prices, while the wider picture is based on expectations of a broadly stronger USD over the coming years."