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NZD/USD: three-month outlook - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Imre Speizer, analyst at Westpac explained that the Federal Reserve downgraded its interest rate projections last week, hurting the US dollar and thus boosting NZD/USD and offered a three-month outlook.

    Key Quotes:

    "We expect NZD/USD to fall towards 0.64 by mid-2016, due to a combination of a lower OCR and a higher US interest rates.

    In addition, NZ commodity prices are expected to remain soft. We see the main risk to this view as being a failure of the US dollar to strengthen."
    For more information, read our latest forex news.
     

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