19 July 2012, 10:03  NZD/USD may rise

The NZD/USD may see upward momentum extended, driven mostly by growing buying interest on the Aussie Dollar, according to HSBC NZ Chief Manager Daniel Brdanovic; NZD/USD may have a prompt transition towards 0.8040-0.8060, the analyst adds. "The Aussie dollar is well supported...it's more Aussie dollar strength that's driving it at the moment. There is nothing out there that is scaring the market," Brdanovic notes, joining the supporters that are currently avocating that QE3 is coming down the pipe; "I think everyone is hanging their hats on that" he concludes.

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