The NZD has suffered enormously, post the US Presidential election and the resounding win by Trump. Market confidence has soared and along with it, US equities and the US Dollar. The NZD has plummeted all the way down to 0.5850, following the surge in the reserve currency. The precipitous losses were calmed last week, when Fed Chairman Powell acknowledged there was ‘no hurry’ to cut rates, with Trump pro-growth economic policies.
The current interbank midrate is: NZDUSD .5900
The interbank range this week has been: NZDUSD .5830-.5900