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18 Apr 2014
AUD to outperform NZD in 2014 - TDS
FXStreet (Bali) - Annette Beacher and Prash Newnahaare, FX Strategists at TD Securities, continue to call for the AUD to outperform the NZD over the coming year.
Key Quotes
"So from the spot rate of 1.089 we continue to target a return to 1.10 by mid-year and 1.13 by year end (and 1.17 by end-2015). The prevailing theme behind this cross-rate shift is the RBNZ is priced to return the cash rate to 4½% over the next two years, while markets remain underpriced for a RBA
tightening cycle that is expected to materialize in only a few months."
Key Quotes
"So from the spot rate of 1.089 we continue to target a return to 1.10 by mid-year and 1.13 by year end (and 1.17 by end-2015). The prevailing theme behind this cross-rate shift is the RBNZ is priced to return the cash rate to 4½% over the next two years, while markets remain underpriced for a RBA
tightening cycle that is expected to materialize in only a few months."