-
NZD Remains The Darling Of FX In November
Monday’s limited ebbs and flows keep proving that the GBP, emboldened by UK polls, and the NZD, catapulted by the local data and lingering RBNZ outcomes effects, remain the darlings of FX. On the other side of the spectrum we have the Aussie, depressed near its monthly lows at an index level as the market has rolled back expectations of a neutral RBA. If you are trading the Aussie, today’s speech by RBA Lowe on ‘Unconventional Monetary Policy” should definitely be on your radar as a must follow event since it has the potential to inject decent vol. The USD keeps grinding higher but at a rate of change that is ... (full story)