16 Apr 2015
NZD/USD seen at 0.71 in H2 – Westpac
FXStreet (Edinburgh) - Strategist Imre Speizer at Westpac believes the pair could head towards the 0.7100 level by mid-year.
Key Quotes
“NZD/USD looks strong for the week ahead, with 0.7700 our minimum target”.
“That is despite dairy prices still falling and NZ inflation about to slow to near-zero”.
“The slippage in the US dollar is dominating for now. However by mid-year, assuming we will be seeing better US numbers, the combination of low NZ inflation/low dairy prices/dovish RBNZ rhetoric (NZD TWI too high), should conspire to push NZD/USD down to around 0.7100”.
Key Quotes
“NZD/USD looks strong for the week ahead, with 0.7700 our minimum target”.
“That is despite dairy prices still falling and NZ inflation about to slow to near-zero”.
“The slippage in the US dollar is dominating for now. However by mid-year, assuming we will be seeing better US numbers, the combination of low NZ inflation/low dairy prices/dovish RBNZ rhetoric (NZD TWI too high), should conspire to push NZD/USD down to around 0.7100”.