So, there’s this place where interest rates are rising, fast, and the guy hiking them is telling us there is more to come. And there’s this other place where, well, there are not, not for a while yet at least.
Then there’s the ‘asset model’ of FX rates, you know, buy high yielding currencies against low yielding ones (insert usual caveats here).
So, is that a strong enough case for the Kiwi $ to get to a new high? Or is it a crowded trade already and maybe not?
New Zealand dollar daily candles
And, if it does, does it sustain it?
My money’s saying yes, and yes.
But, what do you think? Yes, no? Are there better opportunities besides this one? (Just buy the S&P and keep buying, maybe?) Comments very welcome, as always
