“NZD Official Cash Rate (Cut from 2.75% to 2.50% as expected)” NZD/USD 15 Minute: So with the Kiwi rallying, we again see the phenomenon we seem to now be calling a ‘hawkish rate cut’. With the RBNZ ‘expecting to reach inflation goals at current rate settings’, the market has interpreted Wheeler as not looking to lower rates again any time soon and duly obliged with a rally. Looking forward, we have the Swiss Libor Rate and SNB Monetary Policy Assessment on the Forex calendar later this
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