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Browse > Home / All, Asia, Economy, Mkt Talk / NewZealand: Billions of NZ$ to come back home

NewZealand: Billions of NZ$ to come back home

By   || July 15, 2009 at 02:54 GMT
|| 2 comments || Add comment

There is a story in one of NewZealand’s papers today saying that a deal allowing NewZealanders to bring back billions of dollars in Aussie Pension funds could be signed as early as tomorrow. Im sure there wont be an immediate shift in money even if this is signed but could act as an excuse to buy NZDUSD later tonight if the risk appetite is there.

Technically a move up thru 6425 could see it as high as 6550.

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Category: All, Asia, Economy, Mkt Talk
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2 Responses to “NewZealand: Billions of NZ$ to come back home”

  1. Lyle on July 15th, 2009 03:38 GMT

    Hi Sam
    On the 16/07 the kiwi/uridashi/euro bonds will mature. I am expecting NZD/USD AND AUS/NZD to go down. What do you think?

  2. Sam Diakou on July 15th, 2009 03:50 GMT

    Im with you on that. I think AUD is a sell on rally towards 80c for the next leg down as is NZD. Level for today is 6425, failure there sees it back to 6300. AUDNZD, Im watching 1.2330, under that and we get a decent move lower towards 1.2180. Goodluck

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