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

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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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%.
HI if RZBNZcuts rate will it go up or down?
nigwe HashiAghaji
It will go down normally.
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