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Forex Flash: NZD/USD slightly overvalued on a long-run basis – BNZ

By FXstreet.com,  December 12, 2012, 06:21:00 PM EDT

FXstreet.com (Barcelona) - According to BNZ's Currency Strategist Mike Jones: "The NZD has become slightly more overvalued on a long-run basis. The NZD/USD, NZD/GBP, and NZD/EUR are now all trading well over one standard deviation above their long-run equilibriums. This does not necessarily imply immediate pressure on these currency pairs to fall," the analyst notes, adding: "all of these currencies have been more overvalued in the past. However, it does support the idea additional upside in the NZD/USD, NZD/EUR and NZD/GBP could be limited," Mike 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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