Look to NZ for opportunities
With the G-3 currencies continuing to be driven by US payrolls and trade deficit concerns as well as Japanese intervention fears, we’re looking for better opportunities elsewhere. With the Reserve Bank of New Zealand (RBNZ) meeting this Thursday, we can’t go past the NZD. The market is currently pricing in a 40% chance of an RBNZ tightening, which in an age of central bank transparency, is about as close to a 50:50 bet as it gets. Of course, with risk comes opportunity.
The kiwi has never before
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