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Westpac Look For NZD/USD To Move Lower Near-Term, Before Move Higher In H2

NZD

Westpac expect further weakness for NZD/USD “during the month ahead, potentially as low as $0.6500, weighed down by further gains in the USD, with the Fed’s May meeting likely to affirm its more hawkish stance. In H2 though, the Fed story should be fully priced, and commodities will again dominate, pushing the NZD above $0.7000.”

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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