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It will fall back to about A92 cents
32% (110 votes)
It will likely end up about where it is now around A97 cents
19% (66 votes)
It will overtake the Australian dollar and head towards A$1.02 or even higher
19% (66 votes)
It will hit parity A$1.00
17% (57 votes)
It will stop just short of parity at around A99 cents
13% (46 votes)
Total voters: 345

Where do you think the NZ dollar could end up against the Aussie dollar by the end of the year?

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The Opening Bell: Where currencies start for Wednesday, November 14, 2012

Posted in Currencies

By Dan Bell

The NZD/USD opens higher this morning after a positive night for stock markets and speculation that Germany may pay Greece one bundled relief payment of EUR 44bln – currently 0.8195.

This news was coupled by more noise about an imminent Spanish bailout request.

German ZEW outlook survey slid from -11.5 to -15.7 for November, whilst UK CPI leapt to 2.7% in October.

The RICS UK house price survey also showed the least pessimistic number in two years.

Dow Jones +0.30%, S&P +0.47%, FTSE +0.33%, CRB Index +0.05%.

The NZD opens the crosses - 0.7850 AUD, 0.6450 EUR, 0.5160 GBP, 65.15 JPY, 0.8205 CAD.

NZ Retail Sales numbers this morning at 10.45am, could be a mover considering the uncertainty around the RBNZs next move.

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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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