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Fundamental View
New Zealand Dollar is considered a risk appetite currency and tend to perform well in time of stable growth across the board. NZDUSD has performed well since February 2014 and in last couple of months it has gone up around 580 pips and just shy of April 2013 high of 0.8675. However, this pair sunk heavily after press conference by Fed Chairman suggested that rate hikes may happen "around 6 months" after the end of QE program, strengthening USD and dampening risk appetite across …
New Zealand Dollar is considered a risk appetite currency and tend to perform well in time of stable growth across the board. NZDUSD has performed well since February 2014 and in last couple of months it has gone up around 580 pips and just shy of April 2013 high of 0.8675. However, this pair sunk heavily after press conference by Fed Chairman suggested that rate hikes may happen "around 6 months" after the end of QE program, strengthening USD and dampening risk appetite across …