NZD/USD buyers go ahead as they are confident in a soon end of US-China trade war
During the eighteen months of trade wars, the New Zealand dollar was unpopular. However, the Fed’s interest rate cuts, China’s fiscal and monetary stimulus, and the progress in US-China’s trade talks allowed it to stabilize. A change in the global economic environment, the willingness of the world’s leading central banks to suspend cutting the rates and improved domestic data allow the RBNZ to wait and see. The odds of the RBNZ cutting the official cash rate by a quarter-point to 0.75% in November dropped…
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