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17 Feb 2014
Flash: NZD/USD to push towards 0.8430 - Westpac
FXStreet (Bali) - A continuation of improved global sentiment should push NZD/USD higher to 0.8430 during the week ahead, notes Imre Speizer, fx Strategist at Westpac.
Key Quotes
"Beyond 0.8430 would probably require a more substantial catalyst, one such candidate being the 13 March RBNZ meeting where a rate hike is highly likely."
"Longer term, we remain bullish. Increasing NZ-US interest rate differentials plus a record high terms of trade should help propel NZD/USD towards 0.8545 (the October high) by mid year. Risks to our long term outlook include another emerging markets shock, and US economic fundamentals exceeding our expectations."
Key Quotes
"Beyond 0.8430 would probably require a more substantial catalyst, one such candidate being the 13 March RBNZ meeting where a rate hike is highly likely."
"Longer term, we remain bullish. Increasing NZ-US interest rate differentials plus a record high terms of trade should help propel NZD/USD towards 0.8545 (the October high) by mid year. Risks to our long term outlook include another emerging markets shock, and US economic fundamentals exceeding our expectations."