* The USD outlook is plagued with uncertainty as we head into negotiations over the US debt ceiling.
* The likelihood that nervousness and risk aversion begins to rise means the NZD is subject to near-term downside risk. This is concentrated more on NZD/JPY than NZD/USD
* Still, medium-term NZD/USD fundamentals remain supportive and we haven’t changed our year-end 0.8350 forecast
Read the full report: FX Research
BNZ