AUD, NZD proceed to fall

We had NZ knowledge earlier, pointing to continued RBNZ fee cuts:

• New Zealand Q3 CPI zero.6% q/q (anticipated zero.7%) & 2.2% y/y (anticipated 2.2%)
• RBNZ’s Silk says assured inflation will converge to 2% goal midpoint in medium time period

NZD/USD has continued to slip after that knowledge. AUD dropping additionally.

Am I going to get despatched to the naughty nook if I counsel the 2 are being pummelled as a result of it appears probably that the Federal Reserve is NOT going to be slicing aggressively forward ….?

Different components additionally, however I reckon that may be a biggie.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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