After the non farm pay role last week we are fairly certain of a US rate hike by December;making the USD the strongest currency out there at the moment. The NZD did have some strength a few weeks ago when the dairy index started to show signs of recovery but since then it has slipped back into negative territory along with poor CPI and GDP readings. We had an initial target of 6500 which has now been achieved and expect a small pull back before another decline to 6000 over the coming weeks
