NZD resilience rooted in immigration, low global yields and strong EM markets, political risk looms

Posted on June 23rd, 2017

We are a bit surprised to see the NZD/USD test new highs in light of some correction in emerging market currencies and equities in recent weeks.  However, in a broad context, the steady narrowing in global risk premiums in the last two years and renewed fall in US government bond yields this year appears to […]