The New Zealand economy may be showing signs of resilience, such as robust GDP growth, strong agricultural exports, or improving business confidence, supporting the NZD.

Meanwhile, the Eurozone could be grappling with weaker economic indicators, such as declining industrial output or sluggish consumer demand, weighing on the EUR.

If the Reserve Bank of New Zealand (RBNZ) maintains or signals a hawkish stance due to persistent inflation pressures, while the European Central Bank (ECB) adopts a more dovish tone, favoring prolonged accommodative measures, this creates a monetary policy gap favoring the NZD.

The NZD tends to perform better in risk-on market environments, driven by higher-yielding currencies, while the EUR can weaken due to its relatively lower yield and sensitivity to external shocks.

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Short EURNZD

Dec 02 2024

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