Reference to the currency remains
They take out reference to higher rates.
Inflation to be below target throughout 2015
The NZDUSD is pushing to new 3 year lows (going back to November 2011). The low at that time was at 0.7368 and traders who were short (or dip buyers), are initially using that level to take profits as risk is defined and limited. However, the pressure remains on the pair.
Below the 0.7368 and the 0.73325 becomes the target (38.2% of the move up from the 2009 low). There is room to roam should the levels be broken. The comments are dovish and would support lower levels as well. The old lows from earlier this week, is the new risk level for shorts. That level comes in at the 0.7397 level.
NZDUSD moves to new 3 year lows.
