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Nov 11 - 01:55 AM

NZD/USD - Leaps Higher Past 200 WMA, Toward 0.7000 After RBNZ

By Ewen Chew  —  Nov 11 - 12:30 AM
  • NZD/USD jumped to 0.6904 from open 0.6829 in wake of RBNZ meet

  • Takes it further past 200 WMA 0.6771, toward psych barrier 0.7000

  • Central bank kept rates steady, opened new bank lending scheme

  • Reduced costs for lenders to make borrowing cheaper nL4N2HW0O5

  • May delay need for RBNZ to wade into negative benchmark rates

  • But possibility still open, despite Q4 GDP forecast upgrade

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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