by S. Wade Hansen The Reserve Bank of New Zealand (RBNZ) announced today that it is lowering interest rates from 8.25% to 8.00%. This announcement sent the NZD/USD dow to its lowest levels since the beginning of the year. Many traders and analysts expect that this interest-rate cut is just the first of many from the RBNZ to try to stimulate a slumping New Zealand economy. If the RBNZ does indeed continue to cut interest rates throughout this year and into 2009, it will most definitely have a bearish effect on the value of the New Zealand dollar (NZD). In conjunction with this bearish fundamental outlook for the NZD, ... (full story)