Daily Alert: NZD belted as investors’ ‘wall of worry’ grows

  • Risk appetite hit the skids again overnight, carving around ½ cent off the NZD/USD.
  • The sharp run-up in energy prices has further inflamed what is probably the key worry for markets which is the withdrawal of monetary stimulus.
  • The NZD/USD is likely to remain on the defensive today/tonight given broad USD strength and retreating risk appetite.

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