Forex Flash: NZD should remain popular vs. AUD and USD – Westpac

FXstreet.com (Barcelona) - In New Zealand, the most important data release of next week is Q1 unemployment on Thursday. Secondary releases include private wages (Tuesday) and QV house prices (Thursday). RBNZ Governor Wheeler will release the first Financial Stability Report of the year on Wednesday.

According to Global FX Strategist Sean Callow at Westpac, “The NZD/USD remains in an upward trend and is likely to bounce between 83 and 87 cents during the month ahead.

Barring a global shock, the NZD should continue to be supported by positive growth outlook and a resurgence in inward bond investment – the NZD should remain popular vs. USD and AUD.”