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”.
