Weaker dairy prices could drive the New Zealand dollar further down. Now BNZ expects the currency to fall to US79c by year's end. I think it may go to around US70c by the end of this year. I also believe it could go down to as low as around US$50 during next 18 months. As I expected we could see fall in New Zealand dollar against other currencies such as AUD, USD and Asian currencies from the second half of this year.

My ideas are not a recommendation to either buy or sell any security, commodity or currency.Please do your own research.