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9 Jul 2015
The negative perspective still remains in NZD/USD – Westpac
FXStreet (Edinburgh) - Strategist at Westpac Imre Speizer keeps its negative view on the Antipodean pair.
Key Quotes
“We maintain our negative outlook for NZD/USD, targeting 0.6550 during the next few weeks and 0.6200 by year end”.
“The Fed’s looming tightening cycle, slowing NZ economy, falling dairy prices and easier RBNZ remain the main negative factors”.
“More recently, China’s stock market plunge and Greek risks are becoming important”.
“We are comfortable with our forecast the RBNZ will cut the OCR to 2.75% on 23 July”.
Key Quotes
“We maintain our negative outlook for NZD/USD, targeting 0.6550 during the next few weeks and 0.6200 by year end”.
“The Fed’s looming tightening cycle, slowing NZ economy, falling dairy prices and easier RBNZ remain the main negative factors”.
“More recently, China’s stock market plunge and Greek risks are becoming important”.
“We are comfortable with our forecast the RBNZ will cut the OCR to 2.75% on 23 July”.