Cullen: The Finance Minister Who Cried Wolf
Posted in Business, Trading, Forex, Economics, Trading Psychology on November 1st, 2006 No Comments »
Traders are often overly sensitive to words springing from the mouths of politicians and government economists. This is no different for those tracking the New Zealand (or “kiwi”) Dollar, where last month Finance Minister Cullen talked down the country’s currency and caused a 150-pip drop. Those buying up kiwi-denominated assets for their attractive yields were […]