Asian central bank selling NZD
Our hedge fund insider @FXWW888 is reporting On Twitter that ACBs have been seen selling NZD/USD and probably also AUD/USD in recent trade. It could be a game changer if these central banks start realigning their reserves.
Morning Sean. Means that chances for big squeeze bounces for both nzd and aud will not happen anymore? Thanks
This does concern me as well Pete, the ACBs usually don’t sell at the lows!