NZD/USD outlook downgraded - ANZ

FXStreet (Guatemala) - Sam Tuck, analyst at ANZ noted the conditions surrounding NZD/USD and downgrades their outlook in the price.

Key Quotes:

"The NZD has moved to reflect our view that the outlook for NZ data is weak and further policy easing is warranted."

"We tweak our NZD/USD forecasts lower to reflect these developments."

"However, we expect the pace of declines to slow and see increased volatility. Thus, we think it prudent to take profit on our short position, banking a 6% profit since 11 May inception."