NZD in rude health, currency wars rekindled, gold threatening new run

Posted on June 10th, 2016

The rampant rally in the NZD reflects rude health in the New Zealand economy compared to a stagnant global economy, rapid immigration and housing shortage underpinning its housing market, sluggish response by the RBNZ in developing its macroprudential policy tools and a melt-up in global emerging market and commodity currencies as global yields are crushed […]