In an update released on 13 September 2024, the New Zealand dollar’s (NZD) speculative net positions have shown a significant drop, reaching -3.3K. This is a stark decrease from the previous indicator, which settled at -0.2K.The dramatic change reflects a substantial shift in sentiment among traders, who have increasingly taken short positions against the NZD. This decline could be driven by various market factors, including economic data releases, changes in interest rates, or broader geopolitical events affecting market confidence.As the data indicates growing pessimism toward the NZD, market watchers will be keenly observing how this trend will impact the currency’s performance in the coming weeks.The material has been provided by InstaForex Company – www.instaforex.com
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