The Reserve Bank of New Zealand news that cut some points out of the New Zealand dollar is here:
ANZ responding quickly:
"The announcement shows that the N.Z. economy is no longer immune to unconventional policy"
"This should help take a bit of the heat out of the NZD, which has lacked much RBNZ direction of late"
ANZ are forecasting NZ/US to 0.61 by year end
- Says RBNZ "cuts we expect will weigh on the N.Z.-U.S. rate differential:"
- ANZ expect that the RBNZ will "keep up" with the Fed's rate cuts
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NZD/USD steadying a little …. dunno if it can hold once Asia / Europe US gets their teeth into this news: