Why are global currency markets betting heavily against the New Zealand dollar?

Global foreign exchange traders have placed huge bets that the New Zealand dollar will fall, pushing it to an 11-month low on Friday below US68.5c.

What is happening to the New Zealand dollar?

Currency traders and market analysts say a trader's report, published by the US Commodity Futures Trading Commission, points to close to a record "short" position in the New Zealand dollar against the US dollar.

READ MORE: The big bet against the NZ dollar

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http://www.stuff.co.nz/business/92077186/Why-are-global-currency-markets-betting-heavily-against-the-New-Zealand-dollar