Free Trial

Westpac write that "USD has weakened, U.S......>

KIWI
KIWI: Westpac write that "USD has weakened, U.S. economic data surprises have
been mostly negative, NZ-US yield spreads are rising, and risk sentiment remains
upbeat overall. These factors explain NZD/USD's rise since early March, and
momentum in these suggests there is higher to come. We target $0.7050 - the
mid-2018 high - over the next few weeks. By year end, though, we expect to see
it lower at $0.6600, if the Fed activates its final hike and the U.S. economy
remains strong."
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.