New Zealand greenback has surged larger after the Reserve Financial institution of New Zealand 50bp price lower
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Resolution and abstract of assertion and minutes is right here:
- Reserve Financial institution of New Zealand cuts money price by 50bp, as anticipated
NZD/USD has jumped:
That is a giant surge for the kiwi$ on a choice that was extensively anticipated. I do not see the assertion and minutes as hawkish however possibly some on the market do.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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