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On Friday ANZ wrote that "the NZD remains......>

KIWI
KIWI: On Friday ANZ wrote that "the NZD remains surprisingly resilient. While it
is no longer trading above USD0.70, it has substantially out-performed its
peers. We do not see this as sustainable. Like the AUD, there is little domestic
story to justify the strength and the global story remains a challenging one in
the medium term. We think that the conditions are in place for the NZD to fall
below fair value over 2019."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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