Forex Flash: RBNZ OCR seen at 2.75% by end of 2013 - BNZ

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FXstreet.com (San Francisco) - According to Mike Jones and Kymberly Martin, Strategists at BNZ: "The NZ Official Cash Rate will remain unchanged for most of 2013, we expect, with a first rate hike in December."

The strategists add: "Our central forecast sees the OCR at 2.75% by year-end with 2 and 5-year swaps (yields) at 3.40% and 3.80% respectively. Scenario analysis highlights equal risk of higher or lower than forecast yields."

As a general rule in FX analysis, rate hikes usually support the domestic currency.



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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