The New Zealand dollar will soar because the Fed is expected to announce QE3 this week and BNP Paribas doesn't think the market is positioned for this scenario. "We add short USD exposure via long NZD/USD to position for QE3. We enter at 0.8150, target 0.8470 with a stop at 0.7965," it says. NZD/USD is at 0.8169.
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