NZD/USD: mid-year target remains at 0.62 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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”.
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