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- NZD/USD to surge above 0.73 next week – Westpac
NZD/USD to surge above 0.73 next week – Westpac
FXStreet reports that according to economists at Westpac, kiwi’s current consolidation phase is set to eventually give way to gains above 0.7300.
“We expect a break of the top at 0.7300 during the next week or two, which will then signal a multi-month move towards 0.7600.”
“Today’s Budget disappointed our expectations: a modestly improved set of fiscal metrics, only slightly less borrowing, and an unchanged fiscal impulse. The latter will have a negligible impact on RBNZ's monetary policy.”
“Next week’s RBNZ MPS is likely to extend the ‘long time on hold’ theme, with all settings (OCR, FLP, LSAP) unchanged. That said, we see risks of a surprise as skewed to a hawkish one. We see this event as potentially NZD-positive.”
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