NZD/USD Weekly Fundamental Analysis May 20 – 24, 2013 Forecast Weekly Analysis and Recommendation: The NZD/USD ended the week at 0.8068 tumbling from the high on Monday at 0.8318. The strength of the US dollar has been difficult for the commodity currencies to defend against. The New Zealand dollar saw a 2.1 percent weekly fall against the greenback as investors flock to the US currency on growing expectations the Federal Reserve will start unwinding its money printing programme this year. The Dollar Index, a measure of the greenback against a basket of currencies, is heading for a 0.9 percent weekly gain to 83.89 as investors prepare for the Fed to unwind its quantitative easing programme, where it buys...
