6 Mar 2015
Short bias on the NZD – ANZ
FXStreet (Barcelona) - Sam Tuck of ANZ, suggests maintaining a short bias on the NZD with the fundamental picture for NZ shifting to the negative side.
Key Quotes
“The NZD may present as (near) perfection, but that story is more than in the price.”
“A modest negative shift in the fundamental story, therefore, should have an outsized impact on the currency.”
“We recommend maintaining a cautiously short bias to the NZD, and a continued watch on New Zealand inflation, further developments in macro-prudential policy, and New Zealand’s export performance, in order to move to a more active short bias.”
Key Quotes
“The NZD may present as (near) perfection, but that story is more than in the price.”
“A modest negative shift in the fundamental story, therefore, should have an outsized impact on the currency.”
“We recommend maintaining a cautiously short bias to the NZD, and a continued watch on New Zealand inflation, further developments in macro-prudential policy, and New Zealand’s export performance, in order to move to a more active short bias.”