Three key drivers of the NZD moving forward - Westpac

Analysts at Westpac have identified what they believe to the Kiwi's three main drivers moving forward.

Key quotes

"The recent run of economic data has been strong, speculators are extremely short NZD.

That should propel NZD/USD higher near term to the 0.6900-0.7150 area.

Multi-month, though, our expectation that the US dollar will continue to strengthen, as the Fed hikes four more times over the next year 
should see NZD/USD falling back towards 0.6500."