The post-financial crisis and massive central bank stimulus that followed in developed nations has led to some of the lowest bond yields in history. In a move to find higher returns, cash has moved abroad into economies that offer higher yielding assets. Countries such as New Zealand have benefitted during these times, but with the Fed's move to scale back asset purchases in combination with slower growth in China, the four year trend may be showing signs of fundamental weakness.
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Weekly British Pound and New Zealand Dollar Trading Forecast
|GBP/USD Rebound Vulnerable to Dovish BoE Minutes, Slowing 3Q U.K. GDP||neutral|
|New Zealand Dollar at the Mercy of Market-Wide Sentiment Trends||neutral|