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Westpac write "recent gains in NZD/USD could...>

KIWI
KIWI: Westpac write "recent gains in NZD/USD could extend to the 0.6500 area
over the next few weeks. NZ inflation and housing data has been firmer than
expected, and meat and dairy prices have risen. In addition, the USD has
softened, and speculator positioning remains extremely short NZD. Multi-month
though, we remain bearish, targeting 0.6200, as global trade tensions persist
and global growth weakens further."
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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