NZD remains supported by its carry appeal – BNZ
FXStreet (Bali) – Raiko Shareef, Currency Strategist at BNZ, picks 0.84 as the expected currency rate by end of September.
“The market looks convinced that Fed Chair Yellen will keep US rates low until the back end of 2014. Until that view is challenged, or until volatility picks up off its lows, the NZD remains supported by its carry appeal. We pick 0.84 by end-September.”
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