NZD remarks from Westpac, including targets for NZD/USD

Westpac is expecting the kiwi dollar to fall further

• The US dollar should strengthen further if the Fed hikes further this year, and that will push NZD/USD lower.
• In addition, the NZ-US interest rate advantage has been eroded, removing one of the previous attractions of the NZD.
• Further, domestic data is indicating the NZ economy is slowing.
• We expect NZD/USD to fall to 0.68 by September, and 0.67 or lower by December

(bolding mine)

ps. We've got data coming up from NZ at 2245GMT, first quarter GDP:

• NZD traders - GDP report coming very soon - preview
• NZD traders - heads up for the GDP report - preview
• New Zealand GDP expected to show a slowdown in a solid economy
• NZDUSD tries to keep a lid on the pair below "break" area.