|Yeoman ||Mar 26, 2019 8:25pm | Post# 13369 |
A few years back I remember in a interview, Orr... or one of the other kiwi bankers actually stated they liked the Kiwi dollar price at .6500. I believe that is still their sentiment in order to support exports.
So as the Bulls try to push past .70 again, a dovish rate statement will not be a surprise. and if that doesn't get the results they are looking for, Orr can still neuter the bull with his speech on Thursday.
I have short orders waiting on N/U & N/C at the top of the range in order to capitalize on a possible spike in the price.