NZD/EUR rise could extend to the 0.65 area - Westpac

In view of Imre Speizer, Research Analysts at Westpac, NZD/EUR’s recent rise could extend to the 0.65 area during the week ahead.

Key Quotes

“EUR strength may persist into the ECB meeting, but is increasingly vulnerable to sharp set-backs if there is little change in the ECB’s stance.”

“3 months ahead: After easing recently, political tensions in EU could still resurface, with Austria calling early elections in 4Q, and a chance of early elections in Italy. Adverse developments could push NZD/EUR into the mid-high 0.60s.”