Investors should sell the New Zealand dollar against the yen and bet the currency will decline to 59.80, according toStandard Bank Plc.
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 buy the dollar against the yen, speculating the U.S. currency will appreciate to 83.40 yen, Standard Bank Plc said.
Standard Bank Plc advised buying the euro against the yen and the Australian dollar, and also recommended purchasing the U.S. Dollar versus Norway’s krone.
Strategists are raising their forecasts for the pound more than for any other currency versus the euro on speculation an improving U.K. economy is making the central bank more tolerant of a stronger exchange rate.
"There's a triple whammy of events that look set to trip up the single currency."
- Steve Barrow on Jan 05, 2015
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