NZD/USD is in a fairly neutral state - Westpac

NZD/USD is in a fairly neutral state at 0.7300, which is middle of a two-month old sideways range of 0.7200-0.7400, and pretty close to fair value, according to Imre Speizer, Research Analyst at Westpac.

Key Quotes

“Drivers during the week ahead are likely to remain external (such as the US payrolls data and trade tariff plans), although there will be local event risk on the day of the NZ GDP data release.”

“Our multi-month view remains that eventually, higher US interest rates will boost the US dollar, and NZD/USD will thus fall to 0.69 by mid-2018.”