Thursday, 11 June 2009

NZD/USD Update

Added another long 1m NZD short USD at 0.6320 post the decision from the Reserve Bank this morning to leave NZ interest rates unchanged.

Total position now long NZD2m short USD at an average of 0.6241.

I think NZ interest rates will plateau for a while now, but no further moves lower.
The NZD will gain over the next 24 hours, especially tonight, with the target 0.6500 initially, enroute to the 0.7000 area this year.

I will update on all my positions later in the week, or at the weekend, but suffice it to say, they are all going brilliantly, and it will be time to buy a new jag soon!!

No comments: