The New Zealand Dollar can stay under pressure if the odds for an August interest rate cut at the Reserve Bank of New Zealand (RBNZ) continue to rise.
There is another, potentially even more potent force at play: the unwind of the carry trade as the Japanese Yen recovers from multi-decade lows.
The New Zealand Dollar is falling amidst disappointment in China and growing odds of an interest rate cut at the Reserve Bank of New Zealand (RBNZ).
The Pound to New Zealand Dollar is on course to break the 2023 high at 2.1587, but warning lights are flashing that this is a very overbought exchange rate.