The kiwi is looking to redeem some of its major losses

The New Zealand dollar appears to be brushing off the talks about the possibility of negative interest rates in trading sessions this Friday and pushes the Canadian dollar. It seems that the kiwi is looking to redeem some of its major losses from this week’s trading and is trying to end the week in a positive light. Unfortunately for bullish investors, the exchange rate is widely projected to turn bearish in the coming days, and that prices would ultimately crash to their support level. Once again, the Reserve Bank of New Zealand gives its straight guidance to the public, which is a rare occurrence in the foreign exchange market compared to other central banks around the world. It was reported that the chief economist of the RBNZ said that that the bank should do too much too soon rather than too little too late. The comment raised speculations regarding the chances of cutting rates to negative territories to support the antipodean country’s economic recovery.