NZD/USD Awaits Fed Speak, Positioning And Perhaps Profit Taking
NEW ZEALAND DOLLAR FUNDAMENTAL FORECAST: NEUTRAL Talking Points: New Zealand Dollar depreciated as RBNZ pushed out inflation and rate change forecasts NZD may be at risk of continuing to lose its yield advantage vs. USD on Fed commentary NZD/USD Client Positioning warns prices may turn higher. Profits could also be booked The RBNZ certainly left its mark on the New Zealand Dollar last…