Key to last week was the WSJ report that the Federal reserve will “ease up” on its quantitative tightening. The Kiwi dollar received a boost last week when inflation numbers beat expectations. Dairy prices were up 4.2% at the last auction. Government spending should provide a temporary boost to GDP in the early part of this year. Additionally, the NZ stock market remains robust and attractive. With the WSJ story mentioned above positive for risk assets, NZD becomes a decent option.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.