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Forex Flash: NZD/USD should continue well bid; fundamentals supportive - BNZ

By FXstreet.com,  January 06, 2013, 07:35:00 PM EDT

FXstreet.com (Barcelona) - In the short-term, according to Mike Jones, currency strategists at BNZ, the NZD/USD should continue to trade "at the whim of offshore risk appetite and equity market sentiment" he said.

Mr. Jones adds: "Key in this regard is not only the strength of global data (which for the moment remains encouraging), but also US political developments with regard to the spending cuts portion of the fiscal cliff and the fast approaching US debt ceiling."

The fundamentals underpinning the NZD haven't changed, Mike notes, and "as long as these supportive factors remain in play, NZD/USD dips towards 0.8000 will be short-lived in our view..." he concludes.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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