Super dovish Fed and super dovish RBNZ; 2 factors explain why the NZD is against the USD

An excerpt via BNZ to review the past performance of the NZD and open the new month.
But the Fed’s posture is a plus for the kiwi:
These two points also apply to the AUD. These are two reasons the RBA responds with a shrug to the strength of the AUD (the AUD peaked two years above 0.74 overnight):


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