Back
4 Feb 2016
NZD/USD seen at 0.6200 by mid-year – Westpac
FXStreet (Edinburgh) - Strategist at Westpac Imre Speizer, the Kiwi dollar could test the 0.6200 mark by mid-2016.
Key Quotes
“NZD/USD got a boost from RBNZ Governor Wheeler’s hawkish-sounding speech yesterday, and the strong labour data off set the impact of the dairy price fall”.
“The resultant positive momentum should take NZD/USD into the 0.6700- 0.6800 area, with 0.6550 providing support during the week ahead”.
“Further out, though, renewed US dollar strength plus a weak NZ inflation outlook should eventually require a lower OCR (we forecast 2.0% this year) which should drag NZD/ USD down to 0.62 by mid-year”.
Key Quotes
“NZD/USD got a boost from RBNZ Governor Wheeler’s hawkish-sounding speech yesterday, and the strong labour data off set the impact of the dairy price fall”.
“The resultant positive momentum should take NZD/USD into the 0.6700- 0.6800 area, with 0.6550 providing support during the week ahead”.
“Further out, though, renewed US dollar strength plus a weak NZ inflation outlook should eventually require a lower OCR (we forecast 2.0% this year) which should drag NZD/ USD down to 0.62 by mid-year”.