The Kiwi Chronicle · Issue
Scores on the Doors
One chart, three truths
The plumbing
Kauri issuance tape, NZ-US basis, dairy real-money flow — the stuff that moves the kiwi when nothing else does.
Source: ANZ Research, RBNZ B2
The trade
| Direction | |
|---|---|
| Entry | |
| Stop | |
| Target | |
| Horizon | |
| Catalyst |
What would make me wrong
Three price triggers. If any break, the trade's wrong.
- DXY close through
104.15 - AU-NZ 2Y spread under
+30 bp - Iron ore above
USD 118/t
Close
"A weak currency is the deserved outcome of a country doing the easy thing." — Hartnett, 2019.