FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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3
The Reserve Bank of New Zealand may cut the official cash rate by a quarter point to 2.5 percent with its monetary policy statement tomorrow but I believe that RBNZ will wait to see if the US Federal Reserve hikes US rates in December since that will push the NZ-14.29% dollar down and push inflation in New Zealand up.
Trade active: Long entry 0.6610 SL: 06580
Trade closed: target reached
Trade active: Entry 0.66000 Closed 0.67500

Another long entry 0.67200
Trade closed: target reached

Comments

No longer are there just 'rate hikes' and 'rate cuts'. We have 'dovish rate hikes', 'hawkish rate cuts' and every permutation.
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