There are a number of reasons why the nzd/usd could have sold off in the last couple of months:

1. The Us dollar could have gained in strength;
2. The market could be pricing in a rate cut by the Reserve Bank of New Zealand, which would decrease the demand for the currency; Or
3. With the New Zealand "kiwi" being a "commodity currency", the commodities market could have gone bearish doing that time which would in turn decrease the demand that currency.

These are just a few of the possible reasons.



Don Campbell