What could explain this divergence, and might it push the currency to set higher highs in the week ahead? Strength in the Kiwi Dollar could be traders betting on the outcome of this week’s coming interest rate announcement from the Reserve Bank of New Zealand. […] While the -12.2% q/q outcome was the worst since at least 1986, it was not quite as bad as the -12.5% consensus. […] While that may be a recipe for the NZD to continue climbing, it still remains vulnerable to overall risk appetite. Should market mood continue deteriorating, it could sap some upside potential in NZD/ USD .
Click here to read the full article