This snippet via Westpac on the kiwi $:
- Expect further weakness during the month ahead, potentially as low as 0.6500, weighed down by further gains in the USD, with the Fed’s May meeting likely to affirm its more hawkish stance.
- In H2 though, the Fed story should be fully priced, and commodities will again dominate, pushing the NZD above 0.7000.
NZD weekly candles:
