18 Aug 2015
NZD/USD: Tactically neutral - ANZ
FXStreet (Bali) - According to ANZ FX Strategists, while a negative strategic bias toward the NZD/USD is retained, they remain tactically neutral.
Key Quotes
"Indicators are suggesting dairy prices will bounce, which risks a short-term NZD squeeze, but any dairy bounce just removes exaggerated negative risks and the outlook for monetary policy is unchanged."
"We still see rates as headed lower. Thus, we continue to view any pull-backs as opportunities to establish short positions for the medium-term, but the lack of near-term catalysts allow patience."
Key Quotes
"Indicators are suggesting dairy prices will bounce, which risks a short-term NZD squeeze, but any dairy bounce just removes exaggerated negative risks and the outlook for monetary policy is unchanged."
"We still see rates as headed lower. Thus, we continue to view any pull-backs as opportunities to establish short positions for the medium-term, but the lack of near-term catalysts allow patience."