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NZD/USD eyes 0.6550 near-term – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Kiwi dollar could slip towards the mid-0.6500 in the next sessions, according to Imre Speizer, Strategist at Westpac.

    Key Quotes

    NZD/USD remains torn between the forces of easier RBNZ monetary policy and a reluctance to price much Fed tightening into the US dollar”.

    “Today’s OCR cut and signal that it should fall to 2.0% was helpful for our view that NZD/USD will fall to 0.62 by mid-year, but we really need a repricing of Fed Funds rate expectations to give us a high degree of conviction”.

    “Near term, momentum should take the pair lower to 0.6550 during the week ahead”.
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