Free Trial

Westpac note that "the US dollar should........>

KIWI
KIWI: Westpac note that "the US dollar should strengthen further if the Fed
hikes further this year, and that will push NZD/USD lower. In addition, the
NZ-US interest rate advantage has been eroded, removing one of the previous
attractions of the NZD. Further, domestic data is indicating the NZ economy is
slowing. We expect NZD/USD to fall to 0.66 or lower by Sep."
- On the AUD/NZD Westpac believe that "if US-China trade tensions subside, then
AUD/NZD should continue rising during the next few months, relative AU/NZ
economic growth favouring the AUD. The 1.1250 area (where it peaked in 2017) is
a possible target. "
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.