• As the spectre of US QE tapering draws closer to a reality it is unlikely we will return to previous highs on the NZD/USD
• That said, we do not see a one-way path South from here
• We continue to see domestic fundamentals underpinning the NZD
• Our end-year NZD/USD target is now 0.8300
• We continue to see a stronger NZD/AUD with an end-year target of 0.8900
Read the full report: FX Research
BNZ