Morgan Stanley info comes vai eFX from late last week
bank trade ideas, check
out eFX Plus.
We recommend short NZD/CAD positions as the growth outlook in Canada increasingly contrasts with New Zealand. We expect a cooling housing market in New Zealand to contrast with the housing market in Canada, where prices have not risen as fast or as far as in New ZealandFinally, expectations for energy disruptions in Europe will likely keep oil prices supported, putting upward pressure on CAD crossesMS see the cross moving towards 0.80