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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

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