The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: The Democratic 'Blue Wave' proved a mere ripple in the US midterms, and the dollar is clawing back its post-vote losses. Meanwhile, a jobs report bonanza in New Zealand could potentially see a hawkish tilt from the RBNZ, so the kiwi is in focus.