NZD: ‘No Point Fighting This Trend’; What’s The Trade? – SocGen

Societe Generale Cross Asset Strategy Research discusses NZD outlook in light of the recent NZ political developments.

"The NZD is own again as the Government which gave us 2% inflation targeting looks to widen the targets for the Reserve Bank. They don’t like their currency being strong and they have found a good way of cheapening it," SocGen adds.

We see no point fighting this trend and we still like AUD/NZD longs and NZD/CAD shorts," SocGen advises.

Source: Societe Generale Cross Asset ResearchOriginal Article