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Originally Posted by winner69
Beacon …what’s going on mate
US Inflation surprised on the upside again, causing US 10 Yr Treasuries to perk up and punters to question whether the FED promised 3 FFR cuts in 2024 are really set in stone.
Meanwhile, speculation went up that RBNZ may cut OCR sooner than FFR are cut. Also, NZD moves remain beholden to China moves
We are slowly, but surely looking for China+ options - as seen in Winston openly condemning China cyber hacking NZ parliament etc. - despite Wang Yi coming in person to NZ.
On balance, there is no sane reason at the moment for NZD to visit 55/56c, but if it keeps moving in that direction I hope I have enough dry powder (like RBNZ )
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