More from FXstreet.com

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

By FXstreet.com,  January 09, 2013, 10:06:00 PM EDT

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

Referenced Stocks:



Latest News Video

Europe Week Ahead: United States Data Under More Scrutiny
Europe Week Ahead: United States Da...
Stockholm Cars and Schools Targeted
Stockholm Cars and Schools Targeted
Stars - and Brands - Shine at Cannes
Stars - and Brands - Shine at Canne...
Plane 'Fire' Closed Heathrow Runway
Plane 'Fire' Closed Heathrow Runway


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.18 0.03  0.23%
INTC $ 23.645 0.41  1.68%
HPQ $ 24.47 0.39  1.57%
FB $ 24.6935 0.37  1.46%
P $ 18 0.84  4.90%
MSFT $ 34.1101 0.04  0.12%
PFE $ 28.865 0.25  0.84%
PG $ 81.69 2.99  3.80%