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Expert's opinion from FXFinPro

The New Zealand dollar can change the positive trend to negative

Price of the New Zealand dollar in recently has shown strong growth and as a result came close to the highest level since December. It is worth noting that in the coming weeks, investors are likely to fix long positions after unreasonably strong growth. In addition, the expected strengthening of the US dollar is due to the tightening of the Fed's monetary policy and low commodity prices, which are likely to continue to fall in January, and will adversely affect the course of trading. Earlier, the Reserve Bank of New Zealand announced its intention to lower interest rates, if necessary, and taking into account the low level of inflation in the country, we expect easing of monetary policy that will be negatively displayed on the quotes, and will cause them to fall to the target levels at 0.6000 and 0.6250.



More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

Wednesday, 30 Dec, 2015 / 11:11

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