The bearish trend is still in place for the Kiwi

The New Zealand Dollar continued dropping today versus the US Dollar, especially when the US fundamentals came out better than expected. The Reserve Bank of New Zealand has lowered its interest rates and said that it is ready to lower them even more if needed, while the Federal Reserve of the US is thinking of raising its interest rates. The divergence on the monetary policies between those two central banks is keeping the NZD/USD in a bearish trend.