|How Low Will the Kiwi Dollar Go?
The Kiwi dollar dropped to a significant
2.5 year low last week against the greenback, sinking to 64.26 US cents on the
back of rising US interest rates and weak domestic data. While the dollar has
seen a spirited rise since then, coming back to its mid-September levels, many
experts are forecasting the Kiwi to fall even further in the weeks and months
ahead. How low the Kiwi goes will depend on US-China trade tensions, the health
of the domestic economy, and whether or not the market has fully priced in the
Federal Reserve's tightening cycle.