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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 Friday, February 1, 2013

Posted in Currencies

By Dan Bell

The NZD/USD opens higher at 0.8400 this morning after the USD weakness trend remains in play – the NZDUSD testing the top of the current range again.

Yesterday’s RBNZ statement unpinned the NZD, with comments remaining hawkish from Governor Wheeler, especially regarding housing market concerns.

This was contrasted by the FOMC minutes, which confirmed their easing bias once again.

Stock markets currently: Dow Jones -0.15%, S&P -0.07 %, FTSE -0.73%.

The NZD opens the crosses - 0.8050 AUD, 0.6190 EUR, 0.5305 GBP, 76.80 JPY, 0.8375 CAD.

Today we have Chinese PMI reports due at 2.00pm and 2.45pm, and tonight we have the US Non-Farm Employment figures.

Related Topics

RBNZ Governor Graeme Wheeler speaks today at a Canterbury Chamber of Commerce luncheon in Christchurch at 12.50pm.


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

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