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NZD/USD eyeing 0.7100 by mid-2015 – Westpac

FXStreet (Barcelona) - Imre Speizer of Westpac, expects NZD/USD to see 0.7700 levels in the week ahead, and believes soft fundamentals and a dovish RBNZ might push the kiwi down to 0.7100 by mid-2015.

Key Quotes

“NZD/USD looks strong for the week ahead, with 0.7700 our minimum target. That is despite dairy prices still falling and NZ infl ation about to slow to near-zero. The slippage in the US dollar is dominating for now.”

“However by mid-year, assuming we will be seeing better US numbers, the combination of low NZ inflation/low dairy prices/dovish RBNZ rhetoric (NZD TWI too high), should conspire to push NZD/USD down to around 0.7100.”

Six non-bombastic observations from the TIC data – BBH

Mark Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, highlights 6 key points about foreign holdings of US treasuries, as noted in yesterday’s release of Treasury report on capital flows.
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EUR/USD might see further gains above 1.0755 – FXStreet

With EUR/USD having boosted by the soft US data, Valeria Bednarik, Chief Analyst at FXStreet, notes 4H technicals suggest further gains might be seen in the pair on a break above 1.0755.
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