FXStreet (Edinburgh) - The Kiwi dollar could slip towards the 0.6100 area within a year’s time vs. the greenback, according to Jane Foley, Senior Currency Strategist at Rabobank. Key Quotes “CPI inflation was subdued in Q3 2015 and there is every indication that price pressures remained sedate through the final months of last year”. “Although monetary conditions have eased substantially as a consequence of the RBNZ’s rate cuts last year and as a result of the sharp depreciation in the value of the NZD, the lack of inflation suggests that further easing is likely from the RBNZ this year”. “Growth in the New Zealand softened last year led by weak diary prices and slowing Chinese growth”. “Although house price inflation, particularly in Auckland, may be a constraint on further rate cuts, the RBNZ is optimistic that house market activity is moderating. We expect NZD/USD to drop towards 0.61 on a 12 mth view”. For more information, read our latest forex news.