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Getting Ready: RBNZ Interest Rate Decision
NZDUSD has been shedding some of its recent gains over the last couple of weeks as risk sentiment has cooled off. This mostly has to do with external factors. While news from New Zealand has been positive on the COVID front, the rise in cases in other parts of the world has made investors nervous. After all the rate cuts during the pandemic, the difference in real rates between New Zealand and the US has returned to stability. In previous cycles of QE, investors found NZD a haven in their search for yields. But not this time around, with near-zero rates. The question now is how long this will continue. The Monetary ... (full story)