Westpac on the NZD: "Could fall as far as 0.69 by year end"

Author: Eamonn Sheridan | Category: News

Westpac on the NZD/USD from their morning note

The bank updated its NZD outlook in the note on August 8, worth a revisit:
  •  If the RBNZ remains firmly on hold, as we expect, and the US dollar rises on tighter Fed policy, then NZD/USD could fall as far as 0.69 by year end.
The only confounding aspect may be the Reserve Bank of New Zealand  not being quite so dovish as the market was expecting in their MPS yesterday (link & others to Governor Wheeler's comments yesterday too, and more):