(Bloomberg) The former UBS Group AG trader’s hedge fund reckons the larger economy will cope better in its search for new drivers of growth than New Zealand, which is threatened by falling dairy prices. Aussie is set to recover to NZ$1.15 to NZ$1.20 in “the medium term,” said the chief investment officer of Sydney-based MST Capital. The Australian currency slid to NZ$1.041 last week — within 4 cents of a historical low — after the Reserve Bank of New Zealand left its key rate unchanged and said it expects inflation to accelerate.
“These are attractive levels to re-enter trades to buy Aussie-kiwi,” said Satur, who declined to comment on the size of the fund’s investments or performance.
