🚨 Forex Update! 🚨

The New Zealand dollar (NZD) hit its lowest point since August, dropping 0.7% to 60.4 US cents. 📉

Key factors:

- Bigger interest-rate cut bets in NZ

- Weak investor sentiment towards China

NZ's annual inflation rate fell sharply in Q3, prompting the Reserve Bank to consider more aggressive rate cuts. The kiwi has already fallen over 4% this month, leading the Group-of-10 currencies.

With China as NZ's major trading partner, a lack of strong fiscal stimulus from Beijing is adding to the pressure.

Will the kiwi dip below 60 US cents? Share your thoughts! 💬

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