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NZD shorts keeps scaling back – Westpac

FXStreet (Edinburgh) - Strategists at Westpac have assessed the prospects for the Kiwi dollar in the near term.

Key Quotes

“Speculators in NZD/USD futures accumulated large short positions during the first half of 2015, the largest on record according to the CFTC”.

“Since July, however, these have been reduced”.

“An RBNZ easing to 2.5% has been fully priced, and there is growing skepticism the Fed will hike this year, discouraging NZD shorts for now”.

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