Shorting USD to NZD Rate at 0.60 After the Dead Cat Bounce Following the 50 bps RBNZ Cut – FX Leaders

The USD to NZD rate has dropped to 0.60 after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 50 basis points. This decrease comes after a temporary rebound known as a “dead cat bounce.” Traders are now shorting the USD against the NZD, anticipating further declines in the exchange rate.