NZD has drifted higher over the past week, outperforming its G10 peers against the USD. NZD/USD has gained 2.6% in the past five sessions, far outstripping the second-placed AUD (+1.9%). In doing so, it has come within spitting distance of the psychologically important 0.80 level, which was only snapped by the RBNZ’s thinly-veiled threats of intervention (subsequently proven to be more than just mere words).
Read the full report: FX Research