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Westpac write "fundamentals.............>

AUSSIE-KIWI
AUSSIE-KIWI: Westpac write "fundamentals (commodity prices and interest rates)
argue the cross should be higher (fair value is NZ$1.13), but global risks plus
AU political risks have been AUD headwinds. That said, AU-NZ yields spreads
should move higher over the next month given RBNZ easing risks, lifting the
cross to NZ$1.0700+."
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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