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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
