Getting ready for yet another wave in Europe, the possibilities of a shut down seem likely. Rioters and protestors are opposing social restrictions and lockdowns just as effortlessly.
On the other hand, after the RBNZ meeting last week, inflation seems to be exceeding far more than expected for the NZD. This has been a trend for many pairs this year.
Breaking new lows, the EURNZD is targeting a new low at 1.5575 (easily the lowest of the year). If the ECB continue to move dovish at the next meeting on December 16, the Euro should move lower. However, this also depends on inflation expectations. To learn more, please take a look at the following link: