The New Zealand dollar fell significantly during the session on Wednesday, as there are hints of a tax deal happening in the United States. Ultimately,
The New Zealand dollar fell significantly during the session on Wednesday, as there are hints of a tax deal happening in the United States. Ultimately, the market looks likely to favor the US dollar, and it makes a lot of sense that we will go looking towards the 0.72 level underneath, perhaps even lower than that. If commodities fall, it’s likely that the New Zealand dollar will get hit as well. Ultimately, I don’t have any interest in buying this market and the short-term, I believe that we are going to continue to see bearish pressure.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
