NZDUSD NZDJPY NZDCHF Harmonized Interest Rate Currency Band
The NZDUSD already turned to upward/bullish at 5 % lower ceiling and RBNZ sterilizes the NZD to slower the weakening of NZD in the market. However, the interest rate rate cutting seems to prolong the NZDUSD to downward/bearish by the harminized interest rate currency band with NZDJPY and NZDCHF. How low the pressure to downward only possible to be measured by harmonized interdays high/low of interest rate currency band for NZDUSD, NZDJPY and NZDCHF by their average traded weighted rates at lower and upper ceilings.
Both NZDCHF and NZDJPY still pressure the NZDUSD to downward by the new interest rate differential structures as the result of the interest rate cutting by the RBNZ despites NZDUSD sterilized. At such the 5 % width (wide) of currency band will be widened to downward by align and re-align and the final re-alignment can only be measured by their average traded weighted rates at their final lower ceiling/band.
Short trade on still on progress but by interdays high to interdays low of their harmonized interest rate differential based-currency band.
Both NZDCHF and NZDJPY still pressure the NZDUSD to downward by the new interest rate differential structures as the result of the interest rate cutting by the RBNZ despites NZDUSD sterilized. At such the 5 % width (wide) of currency band will be widened to downward by align and re-align and the final re-alignment can only be measured by their average traded weighted rates at their final lower ceiling/band.
Short trade on still on progress but by interdays high to interdays low of their harmonized interest rate differential based-currency band.