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

    Oct 7, 2015
    Likes Received:
    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”.
    For more information, read our latest forex news.

Share This Page

free forex signals