Kiwi Plunges amid RBNZ Rate Cut. Forecast as of 14.08.2024

Investors were surprised when the Reserve Bank of New Zealand reduced the cash rate. However, the start of monetary expansion is not the only factor affecting the NZDUSD rate. Let's delve into these and other factors that could hinder bullish sentiment and make a trading plan.Highlights and key points The Reserve Bank of New Zealand surprised NZDUSD traders. The pair is falling on expectations of aggressive monetary expansion. China and US stock indices are unlikely to support the kiwi. The NZDU