Does anybody know why NZD suddenly rose against USD and JPY? :17:

Trading Discussion
1

Hi everyone!

Up until Thursday 6th Sep, the New Zeeland dollar was going slowly but surely down the hill, but suddenly shot through the roof!!! Just what kind of fundamental indicators should I have been watching out for? All I heard from Daily FX was that any ECB declarations on purchasing Spanish bonds would turn the markets around but…!

2

Economy stuck in low gear; time for Fed to act - MarketWatch First Take - MarketWatch

After the disappointing jobs report, the FED is clearly under pressure to act and print more money, so the market selling the USD like crazy… not only the Kiwi but all the USD pairs.