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Westpac Look For $0.67 At Year End

KIWI

Westpac note the risk of a "potential to slip to 0.6550 near term, amid fragile risk sentiment pre-US election, with a break below that warning of a longer bearish move. Multi-month, though, we expect risk sentiment to remain elevated into year-end, supported by unprecedented global central bank and government stimulus, and the USD to resume its weakening trend. That should see NZD/USD above 0.67 by year end."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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