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Jun 26 - 12:12 AM
NZD/USD - Whippy After RBNZ Dovish Hold
First appeared on eFXplus on Jun 25 - 10:15 PM
  • NZD/USD breifly spiked to 0.6590 from 0.6635 after RBNZ dovish hold
  • Price has reversed higher, as market was positioned for the result
  • RBNZ- lower rates may be needed 'over time' - discussed cutting this meeting
  • RBNZ said they expect inflation to rise to 2%
  • NZD/USD now above 0.0.6650 with resistance at yesterday's 0.6661 high

Source:
Refinitiv IFR Research/Market Commentary

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