This is the last trade of the month. Next week, I will be traveling, but posting charts along the way in this journal.
What to look for:
(1) Dovish Tone and a Rate Cut
(2) Hint from the central bank of further easing and further cuts. The New Zealand central bank could not do it before for fear of fueling and already housing bubble. A strong NZD would hurt demand and knock down tradable goods inflation. Thus, a decline in the New Zealand dollars necessary to keep the economy afloat.