NZD/USD: bouncing hard and now up around 7% this year - UOB

Analysts at UOB Group explained that NZD/USD has bounced after hitting a one-month low on Monday.

Key Quotes:

"Market participants seemed to judge Democrat Hillary Clinton as the winner of the first US presidential debate against Republican Donald Trump. 

The kiwi has fallen over the last two weeks mainly on expectations for interest rates to fall further and on a general uptick in global risk-aversion. Still, the New Zealand currency is one of the best performing major currencies this year, up nearly 7 per cent."