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Westpac write that "although............>

AUSSIE-KIWI
AUSSIE-KIWI: Westpac write that "although fundamentals (commodity prices and
interest rates) argue the cross should be higher (fair value is NZ$1.09), global
risks plus mixed AU economic data plus AU political risks are headwinds. We
forecast the RBA will cut twice in 2019 (from on-hold previously) while
retaining our on-hold forecast for the RBNZ. The cross is likely to remain below
NZ$1.06 and is more likely to test NZ$1.02."
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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