RBNZ Policy Collision: Nine-Year Labour Market Low Forces Dovish Repricing — NZD Leverage Traps Loom
NZ unemployment at a nine-year high (5.3–5.4%) is forcing RBNZ dovish repricing; RBNZ's Silk speaks today — a dovish surprise would accelerate NZD downside and risk liquidating leveraged NZD longs, while ZXY trades near the bottom of its 24h range at $58.31.