NZD: Neutral outlook for the week ahead - Westpac

Imre Speizer, suggests that the week-ahead outlook for NZD/USD is neutral and expects the pair to hold the 0.6425-0.6620 range.

Key Quotes

“Risk aversion in equity markets is a headwind, but NZ hard data has been solid (GDP, CPI, retail spending) and spec positioning remains near record short.”

“Medium term, we remain bearish, based on our Fed/US economy-based expectation that the USD will rise further, and we continue to target sub-0.6400 by year end.”