Fed cuts could push NZD past 60 cents - trader reveals why this matters
Key Points
- The US Dollar is struggling due to anticipated Fed rate cuts...
The US Dollar is having what economists politely call a "challenging period," which is Wall Street speak for "the greenback is getting absolutely demolished by rate cut expectations." While the Fed prepares to slice rates this week, currency traders are watching two unlikely heroes emerge from the chaos: the New Zealand Dollar and the Euro.
The Kiwi's Great Escape Above 60 Cents
The NZD/USD pair just punched through the psychological fortress at 0.6000 - a level that's been more stubborn than a cat refusing to take medicine. On September 16, the pair climbed past 0.5980, representing a r...
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