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NZ economy: 100 bps in June and July looks a lot less likely now

By   || April 19, 2010 at 23:51 GMT
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Over the last two trading days we have seen a lot of long liquidation of AUD/NZD longs, firstly on the back of increased risk aversion but also because an investment bank analyst came out and said that the RBNZ could raise rates by 50 bps in both June and July. This mornings CPI data would seem to suggest that this is unlikely to happen.

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One Response to “NZ economy: 100 bps in June and July looks a lot less likely now”

  1. ForexLive Asian market wrap: AUD reverses recent losses | ForexLive on April 20th, 2010 05:30 GMT

    [...] NZ CPI at mid-range expectations, lowering chances of extreme rate rises [...]

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