 New Zealand Dollar strengthens broadly in an otherwise quiet Asian session today, leading Aussie along with it. This notable rise can partly be attributed to two key domestic factors: a significant improvement in consumer sentiment and robust data from the country's services sector. In the broader context, Kiwi's strength is also accentuated by monetary policy landscape. Unlike major central banks such as Fed and ECB, which are grappling with the prospect of rate cuts, RBNZ is not expected to follow a similar path through 2024. This divergence in policy direction sets the stage for the Kiwi to outperform Dollar and Europeans, at least in the short term... |
