Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Standard Bank Says Sell New Zealand Dollar Versus U.S. Dollar

Aug. 20 (Bloomberg) -- Standard Bank Plc advised investors to sell the New Zealand dollar against the U.S. dollar, estimating the so-called kiwi will weaken to 68.20 U.S. cents.

Investors should end the trade should the New Zealand currency strengthen to 72.20 cents, Steve Barrow, head of research for Group of 10 currencies in London, said today in an e-mailed note.

The kiwi slid 0.9 percent to 70.06 cents as of 11:29 a.m. in London.

“The Aussie looks a sell as well, but we will await the result off this weekend’s election,” Barrow wrote in the note.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.