JohnKicklighter
Short

NZDUSD Sinks as Market Sure of RBNZ Cut and Risk Appetite Drops

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
230 2 6
There are two things that significantly undermine carry appetite: smaller returns and greater risk. The New Zealand Dollar - whose position as a major is founded largely on its carry potential - is facing both. Volatility in the FX market may have cooled somewhat, but it is still feeling a lasting buoyancy. Meanwhile, the market is certain that the RBNZ will cut rates next week another 25bps to 3.00%.
HashiAghaji
a year ago
HI if RZBNZcuts rate will it go up or down?
Reply
nigwe HashiAghaji
a year ago
It will go down normally.
Reply
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