Barclay's thoughts on the Australian and New Zealand dollars

On Friday the bank reiterated it expects AUD/NZD to trade towards 1.1100 in coming months

  • citing
  • pricing in rates markets

On Friday recommend short NZD/USD at 0.6680

  • target 0.6430
  • stop at 0.6770

Barc citing:

  • RBNZ to leave OCR unchanged at their meeting this week
  • Chance of a cut left in statements
  • economic projections likely to point to a hike, but not for a long time