The New Zealand Dollar must deflate to mitigate the impact of the evolving global trade war.
The Pound's recent pullback against the New Zealand Dollar is fading and a rebound is possible in the coming five days if a small technical obstacle can be overcome.
If the Reserve Bank of New Zealand (RBNZ) does not cut far enough, the risk of further job losses grows.
Uncertainty over global free trade and more cuts at the RBNZ will prove an ongoing headwind to the New Zealand Dollar.
Horizon Currency Ltd
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
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