Forex Flash: NZD is on a slippery slope - HSBC

FXstreet.com (Barcelona) - David Bloom, Head of FX Strategy at HSBC feels that NZD is on a slippery slope.

He writes, “The NZD has fallen over 3% against the USD since its peak in February. However, the currency remains ‘overvalued’ on a valuation basis and words of warning from the RBNZ will likely limit upside potential. We suspect that there is further room for the NZD to fall in 2013.”