Strategist at Westpac Imre Speizer has reiterated the bearish picture for the Kiwi dollar, expected to slip towards 0.62 by mid-year. Key Quotes “NZD/USD retains positive momentum within its week-old range of 0.6560-0.7650, but much will depend on whether the US dollar’s slump extends”. “Multi-month, we expect NZ’s infl ation outlook to remain low which should eventually require a lower OCR (we forecast 2.0% this year)”. “Lower interest rate diff erentials, plus weak commodity prices, should drag NZD/USD down to 0.62 by mid-year”. For more information, read our latest forex news.