Macro trade: Stay short NZD/USD - JPMorgan

FXStreet (Bali) - Paul Meggyes, FX Strategist at JP Morgan, recommends a short play in NZD/USD.

Key Quotes

"Avoid any new outright dollar trades but stay short NZD/USD through a risk-reversal, albeit more because of stretched NZD positions and stretched NZD rate expectations. An RBNZ pause in June is not priced."