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21 Apr 2016
NZD/USD neutral near-term – Westpac
Strategist at Westpac Imre Speizer noted the neutral perspective for the Kiwi dollar for the week ahead.
Key Quotes
“NZD/USD remains in an upward trend which dates from mid-Jan, our upside target for the month ahead being 0.7175 (the Feb 2015 low)”.
“The main driver has been a weaker US dollar, but more recently the rise in global risk sentiment and commodity prices have contributed”.
“For the week ahead we are neutral, given a material risk of a surprise (only 35% priced in) rate cut next week”.
Key Quotes
“NZD/USD remains in an upward trend which dates from mid-Jan, our upside target for the month ahead being 0.7175 (the Feb 2015 low)”.
“The main driver has been a weaker US dollar, but more recently the rise in global risk sentiment and commodity prices have contributed”.
“For the week ahead we are neutral, given a material risk of a surprise (only 35% priced in) rate cut next week”.