Medium term targets in NZD/USD - Westpac

Analysts at Westpac offered their medium term target on NZD/USD.

Key Quotes:

"We target 0.69, based on an assumption the Fed will hike in Dec and the RBNZ will cut in Aug and again in November."

"However the persistent backdrop of global demand for high-yielding currencies is strong - if the Fed doesn’t hike, then 0.75+ is likely instead.

1 year: Our economic fundamentals based forecast is 0.63."