The NZD inched higher over April, despite a lesssupportive fundamental picture. It’s not that NewZealand’s good-news economic story is suddenlyunravelling – it’s just no longer surprising. And it isthe surprise (relative to expectations) that tends todrive currency direction. As of mid-April, NZ datareleases have printed worse than expected, for thefirst time since late 2013.
Read the full report: FX Research
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