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Forex Flash: NZD/USD to stay above 0.8000 for all 2013 long – BNZ

By FXstreet.com,  January 09, 2013, 06:21:00 PM EDT

FXstreet.com (Barcelona) - According to Currency Strategist at BNZ, Mike Jones, 2013 wont be a year for clear or strong trends in the Kiwi, as he notes that "the year will be characterised by range-trading rather than strong trends," the analyst says, while NZD/USD is currently pushing against the 0.84 round figure, near the recent 3-week highs at 0.8410.

"Our forecasts have the NZD/USD holding above 0.8000 for all of 2013, with 0.8100 expected for year end," Mike adds, expanding: "We see the risks around these forecasts as skewed to the upside over the first half of 2013, and to the downside over H2," 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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