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30 Dec 2014
NZD/USD bearish for 2015 - NAB
FXStreet (Guatemala) - Analysts and research team in a paper prepared by National Australia Bank offered a bearish outlook in short NZD/USD for 2015.
“There is a chance that inflation suddenly rears its head, aided by a declining NZD”.
“But given the deflationary headwinds blowing globally, it seems likely that the RBNZ is nearing the peak of its hiking cycle”.
“Through 2015, we expect this divergence in policy stance against the rest of the world to become increasingly apparent. Thus, we view a short NZD/USD position as a good way of expressing our USD optimism”.
“There is a chance that inflation suddenly rears its head, aided by a declining NZD”.
“But given the deflationary headwinds blowing globally, it seems likely that the RBNZ is nearing the peak of its hiking cycle”.
“Through 2015, we expect this divergence in policy stance against the rest of the world to become increasingly apparent. Thus, we view a short NZD/USD position as a good way of expressing our USD optimism”.