NZD/USD could hit 0.7175 short term – Westpac

Imre Speizer, Strategist at Westpac, believes the Kiwi dollar could advance towards 0.7175 in a month’s view.

Key Quotes

“NZD/USD has oscillated around an upward trend since mid-Jan, and targets 0.7175 (Feb 2015 low) during the month ahead”.

“Recent NZ economic data has been strong (housing market, food prices), weakening arguments for an April (vs June) OCR cut”.

“Longer term, we believe further RBNZ easing and eventual Fed tightening will push it to the low 0.60s”.