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Morgan Stanley trade of the week: Sell NZD/USD

ByAdam Button

Feb 29, 2016

New Zealand dollar down 41 pips to 0.6588
Consider selling NZD/USD this week, advises Morgan
Stanley in its weekly FX pick to clients. 
MS’ rationale is as follows:

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  2. New Zealand Dollar Trades at $0.7583 in Early Asia-Pacific Trade
  3. Switzerland sovereign rating remains at AAA says Fitch
  4. Australian Dollar Trades at $0.7903 in Early Asia-Pacific Trade

By Adam Button

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