New Zealand dollar could be entering volatile period, says Max McKegg, MD of Technical Research Max McKegg, Managing Director of Technical Research believes the New Zealand markets are pricing in a 90 per cent chance of a rate rise of 25 basis points this month, based on a CPI figure of approximately 0.40 per cent. McKegg also believes NZDUSD volatility has been created by the Global Dairy Trade auctions, due to the dairy sector's large representation in the New Zealand economy. He cites that prices are down 30 per cent from their peak last year. (VIEW LINK)