Not because USD is weak, but because NZD is completely strong against all others.
How can that be? Carry Trades.
Come OCR (rate hike), "RISK AVERSION" will come to play and short it. they will wait for several hours even days and then come back to the table for another carry.
How can that be? Carry Trades.
Come OCR (rate hike), "RISK AVERSION" will come to play and short it. they will wait for several hours even days and then come back to the table for another carry.