Back
22 May 2014
Macro trade: Stay short NZD/USD - JPMorgan
FXStreet (Bali) - Paul Meggyes, FX Strategist at JP Morgan, recommends a short play in NZD/USD.
Key Quotes
"Avoid any new outright dollar trades but stay short NZD/USD through a risk-reversal, albeit more because of stretched NZD positions and stretched NZD rate expectations. An RBNZ pause in June is not priced."
Key Quotes
"Avoid any new outright dollar trades but stay short NZD/USD through a risk-reversal, albeit more because of stretched NZD positions and stretched NZD rate expectations. An RBNZ pause in June is not priced."