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21 Mar 2016
NZD/USD: three-month outlook - Westpac
Imre Speizer, analyst at Westpac explained that the Federal Reserve downgraded its interest rate projections last week, hurting the US dollar and thus boosting NZD/USD and offered a three-month outlook.
Key Quotes:
"We expect NZD/USD to fall towards 0.64 by mid-2016, due to a combination of a lower OCR and a higher US interest rates.
In addition, NZ commodity prices are expected to remain soft. We see the main risk to this view as being a failure of the US dollar to strengthen."
Key Quotes:
"We expect NZD/USD to fall towards 0.64 by mid-2016, due to a combination of a lower OCR and a higher US interest rates.
In addition, NZ commodity prices are expected to remain soft. We see the main risk to this view as being a failure of the US dollar to strengthen."