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Westpac called 0.6785 for the kiwi dollar, the post is here:
And check this as part of their reasoning:
- Most of the changes in direction were caused by the US dollar, rather than by local events in New Zealand,
The fact that the president of the New York Federal Reserve, John Williams, had the impression Thursday to give a boost to the current situation is unequivocal:
Those who sent the USD lower, the kiwi was a beneficiary.
Of course, once the target was hit, William's belief in the NT Fed resumed:
Sheesh. WPAC has nailed it!
ForexLive
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