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NZD/USD: how much more kiwi appreciation can RBNZ tolerate?
With the focus being almost entirely on the issue of Brexit and the pound this week – perhaps rightly so – traders should not lose sight of many other tradable opportunities that will present themselves in the interim. For example, the NZD/USD. The Kiwi has been climbing stealthily in recent weeks, due in part to a modest recovery in commodity prices. In addition, the RBNZ implicitly admitted at its June meeting that it is finding it increasingly difficult to loosen policy further when it once again warned of inflation in houses prices in Auckland being among its main financial stability concerns. Also boosting ... (full story)
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