These are troubling times for the New Zealand dollar but a whiff of optimism is in the air. The kiwi has been the worst-performing major currency over the past month, tumbling 3.6 percent, after the central bank said in March the next policy move was likely to be an interest-rate cut. Disappointing first-quarter inflation numbers helped speed its decline. The double whammy helped push the kiwi to within a whisper of January’s flash-crash low of 65.75 U.S. cents in risk-off trading last week. Momentum indicators such as moving average divergence-convergence and slow stochastics remain in bearish territory. Amid all ... (full story)