Last week, NZ CPI sank to 0.1% : the lowest number since 2009. this post a great threat to New Zealand and RBNZ.
The recovery of NZDUSD last week is just technical, you see it bounced from 38.2% Fib retracement at 0.6550
Here is my view: RBNZ will cut rate or at least more dovish and drives Kiwi back to the downtrend.
The recovery of NZDUSD last week is just technical, you see it bounced from 38.2% Fib retracement at 0.6550
Here is my view: RBNZ will cut rate or at least more dovish and drives Kiwi back to the downtrend.
