Kiwi dollar is currently trading observed in the trading range or in a consolidation phase in the shadow despite bearish after touching its lowest level in the range of 0.7249 against the US dollar level.
Currently market participants are still waiting for the announcement of the Bank of New Zealand will announce its interest rate, where the central bank is expected to now there is going to change its interest rate policy and will still hold interest rates at the level of 3.5%.
Kiwi dollar was under pressure by strong sentiment against the US dollar, where the index us dollar touched its highest level in 11.5 years, namely at the level of 98 808. Issues concerning the security of New Zealand dairy industry also hit the kiwi dollar
Currently market participants are still waiting for the announcement of the Bank of New Zealand will announce its interest rate, where the central bank is expected to now there is going to change its interest rate policy and will still hold interest rates at the level of 3.5%.
Kiwi dollar was under pressure by strong sentiment against the US dollar, where the index us dollar touched its highest level in 11.5 years, namely at the level of 98 808. Issues concerning the security of New Zealand dairy industry also hit the kiwi dollar
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