The Kiwi $ has just popped to another new high on this run, and a 12 month high.
NZ exporters don’t like it, the government don’t like it, the RBNZ don’t like it… but the yield chasers do. RBNZ keep on hikin’, keep on making it more attractive. When the Fed starts to tighten (who said tapering was tightening?) maybe we get a turn around. For the time being – here’s a weekly chart (Weekly! Not my cup of tea, but its history lesson time). Does the 2011 top hold? Over to you …
