Flash: NZD/USD outlook for this week - Westpac

FXstreet.com (Barcelona) - NZD/USD remains hostage to the gyrations of Fed tapering expectations, notes Imre Speizer, FX Strategist at Westpac.

Key Quotes

"Near term, NZ fundamental news remains positive (Chart 2) while US data is mixed, supporting NZD/USD. A push to 0.8400 is expected this week. Watch out for the FOMC minutes, though."

"However, we remain on alert for a bounce in US economic data surprises during the month ahead, which would push NZD/USD lower for a retest of 0.8200."

"Longer term, strong NZ fundamentals and RBNZ tightening should dominate, taking NZD/USD towards 0.8600 by early 2014."