 In a perfect world for the New Zealand dollar, the Fed would have paused hiking in December and Chinas covid reopening would be going smoothly.Instead, the Fed has dug in its heels and wants a fight with the market over the path of rates. In China, the reopening has come more quickly than almost anyone hoped for but the aggressive path has the market worried about intense short-term pain.A few weeks ago it looked like the perfect scenario for the kiwi but the problem is that th... 