3 reasons the NZD is going to dip before heading towards 0.66

Westpac with a pithy view on the New Zealand dollar out to year-end:

• The next few months remain a minefield for risk sentiment, with global central bank tightening, recession risks, and geopolitical tensions as backdrops.
• The 0.6060 level is vulnerable. But by year-end, if sentiment stabilises, there is potential for the NZD to rebound towards 0.66. By then, the Fed story should be fully priced into the USD.

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ICYMI, Federal Reserve Chair Powell is speaking Friday, US time. Be prepared for a volatile one on Friday. Previews of what he'll be saying:

• While we await Federal Reserve Chair Powell speaking on Friday - preview

• Morgan Stanley says Powell's speech at Jackson Hole could be supportive of the USD

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The Federal Reserve Bank of Kansas City's central bank symposium is at Jackson Hole is August 25-27.

The topic this year is: "Reassessing Constraints on the Economy and Policy"

• Federal Reserve System Chair Powell will give the opening remarks on the economic outlook on Friday, August 26, at 10 am (Eastern US time, 1400 GMT).