Flash: NZD/USD should recover when the dust settles - BNZ

FXstreet.com (Barcelona) - Fundamentally, Stephen Toplis, Head of Research at BNZ, still believe the <a href="http://www.fxstreet.com/technical/currencies-glance/pair.aspx?id=nzd/usd">NZD/USD will be underpinned by the solid New Zealand economic outlook, suggesting a recovery in the Kiwi is likely end-2013/early-2014. For the meantime, Toplis retains the view "of a first 25bp policy rate hike in March 2014, to 2.75%, a 3.25% OCR by June 2014 and a peak of 4.50% around mid-2015."