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KIWI
KIWI: Ahead of today's RBNZ MonPol decision Westpac noted that "the recent run
of NZ economic data has been strong, and speculators are extremely short NZD.
That should propel NZD/USD higher near term, to 0.6850. Multi-month, though, our
expectation that the US dollar will continue to strengthen, as the Fed hikes
four more times over the next year, should see NZD/USD retesting 0.6425."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com