Nzd usd

[Daytr]

I picked up some too, and will keep picking up now - especially if it falls further.

Yeah I think it might head towards 0.5650 so will keep an eye on it for a re-entry level.
The current balance of payments means there is a constant sale of NZD every month.
The US will peak at some point, probably relatively soon. The US also seems to be ahead of NZ in the fight against inflation so the FED may pivot before NZ.

[beacon]

Yeah I think it might head towards 0.5650 so will keep an eye on it for a re-entry level.
The current balance of payments means there is a constant sale of NZD every month.
The US will peak at some point, probably relatively soon. The US also seems to be ahead of NZ in the fight against inflation so the FED may pivot before NZ.

By strengthening the USD, higher US interest rates stimulate other economies’ exports. This makes the kind of global recession that so many predicted even less likely.
If you take away the reason for "flight to safety = USD", and NZ exports are becoming more competitive due to currently weaker NZD, you have a surprise building for NZD shorters.