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Westpac remain bearish NZD/USD "medium term,...>

KIWI
KIWI: Westpac remain bearish NZD/USD "medium term, targeting sub-0.64 by year
end. The US dollar should continue to strengthen this year if the Fed hikes
three more times as we expect. In addition, the NZ-US yield spread could decline
even further. Near term, though, there is potential for a bounce towards 0.67 as
speculator positioning remains extremely short."
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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