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20 Apr 2015
NZD/USD forecast at 0.72, 3-M view - Westpac
FXStreet (Barcelona) - Imre Speizer of Westpac, shares the forecast for NZD/USD, expecting a move lower towards 0.72 over 3months and 0.71 after 1 year.
Key Quotes
“3 months ahead: Lower to at 0.72 . At the OCR Review on 30 April, the RBNZ is likely to voice its discomfort with the high trade-weighted NZD.”
“Also, NZ’s economic data pulse should soon start to slip. Q1 GDP (released in June) should be weak (drought effects)., and Q2 CPI is expected to remain near zero.”
“1 year ahead: Lower to 0.71. The RBNZ is on hold for the next two years, while the Fed is expected to tighten by September. Also, NZ economic data for Q1 and Q2 will be soft.
Key Quotes
“3 months ahead: Lower to at 0.72 . At the OCR Review on 30 April, the RBNZ is likely to voice its discomfort with the high trade-weighted NZD.”
“Also, NZ’s economic data pulse should soon start to slip. Q1 GDP (released in June) should be weak (drought effects)., and Q2 CPI is expected to remain near zero.”
“1 year ahead: Lower to 0.71. The RBNZ is on hold for the next two years, while the Fed is expected to tighten by September. Also, NZ economic data for Q1 and Q2 will be soft.