Courtesy of our friends at Livesquawk here’s the latest thoughts on NZD from Westpac
.
Week ahead:
We retain a neutral bias for the week ahead, the pair locked
in a 0.6430-0.6600 range. The GDT dairy auction could give the NZD a
temporary boost since futures markets are predicting a 9% bounce in WMP
prices, but an ECB easing and US dollar supportive events should cap any
rallies.
NZDUSD currently 0.6547 AUDNZD 1.0982