New Zealand's Hawkish Stance: The Reserve Bank of New Zealand (RBNZ) has maintained a hawkish approach to controlling inflation, resulting in one of the highest interest rates among developed economies. This policy not only strengthens the New Zealand dollar (NZD) by attracting foreign capital but also demonstrates the RBNZ’s willingness to continue tightening if inflation persists.

Eurozone's Economic Struggles: In contrast, the European Central Bank (ECB) faces more challenges in maintaining high interest rates due to slower economic growth across Europe. With inflation gradually easing and concerns over economic recession mounting, the ECB may adopt a more dovish or cautious approach. This divergence typically weakens the euro (EUR) relative to the NZD.

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Short EURNZD

Nov 07 2024