Given that Reserve Bank of New Zealand (RBNZ) just cut rates but signaled the end of its easing cycle — a move that seems to underpin the view that the New Zealand dollar (Kiwi) may have bottomed — what key macroeconomic risks would still make you cautious on NZD? For example: a slowdown in global commodity demand, weak NZ domestic growth, or renewed dovishness from bigger central banks?

Nice. Bullish on $NIO.