fxmatters

The upward NZ dollar momentum is strong right now. But to be sustained it will need even higher NZ interest rates. And continued global comfort with the carry trade. Read what will test these presumptions by the market in the September quarter in Changes ahead in September quarter

The first RBNZ intervention pushed the NZ dollar down by over 1% last week. They will probably try again at some stage. This suggests some tweaking of tactics by hedgers and investors … Read Intervention provides tactical opportunities

The more things change, the more they stay the same. The RBNZ delivered a surprise rate hike. The NZ dollar rises to new highs. That still leaves an even higher NZ dollar depending on even higher interest rates. Is this what will happen? … Read Driving forces remain the same

Global players took a liking to risk last week, including the high-yielding NZ dollar. The NZ TWI appreciation of the week was something that, on average, only happens around once a year. Interestingly this has produced reasonably consistent reactions in the next week or so … Read Trade what you observe