Flash: NZD/USD should recover when the dust settles - BNZ

FXstreet.com (Barcelona) - Fundamentally, Stephen Toplis, Head of Research at BNZ, still believe the <a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=nzd/usd">NZD/USD will be underpinned by the solid New Zealand economic outlook, suggesting a recovery in the Kiwi is likely end-2013/early-2014. For the meantime, Toplis retains the view "of a first 25bp policy rate hike in March 2014, to 2.75%, a 3.25% OCR by June 2014 and a peak of 4.50% around mid-2015."

Jun 24, 2013

EUR/JPY, rejection of 130.00 builds bearish pressure

After four consecutive days of gains, the EUR/JPY consolidated prices before the end of last week. Current price has opened right around same levels at 128.70/80, with the upside still well capped by 130.00.

AUD/USD - 0.9250 selling, Aus PM take rate to 0.92

The AUD/USD is easing off its highs around 0.9250, area where hedge funds have been selling recently, with the pair currently visiting the 0.92 round number, which seems to provide some support.