Friday, July 12, 2013

anz.co.nz:AUD/NZD Targets to 0.8900 at Year-end

anz.co.nz:AUD/NZD Targets to 0.8900 at Year-end
Tuesday(July 9th) Early Asian Market, AUD/NZD got a decline after a slight boost traded around the 0.7785 mark.
Bank of New Zealand published in its journal that AUD/NZD has soared in the past 24 hours, but has not yet rised above 0.8560. the price in the medium term is expected to go further higher. The reason is that commodity prices and carry trade have boosted NZD. AUD/NZD targets to 0.8900 at year-end./Mei Zhu