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NZD CADEXIT2

While the pair's latest upside comes from the upbeat comments from RBNZ Assistant Governor Christian Hawkesby. The policymaker rekindled the New Zealand central bank's cautious optimism while expecting economic recovery and citing need for less stimulus.
Be it the refrain from entertaining the chatters for negative rates, at least for now, or hopes of economic recovery, yesterday’s updates from the Reserve Bank of New Zealand (RBNZ) pleased NZD bulls. The mood also got confirmations from the coronavirus (COVID-19) conditions at home, unlike those from the US and Europe.

 

NZD CAD 20201029 11.40

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