RBNZ's Orr speaks with Radio New Zealand
- Too early to tell if another cut is needed
- Rate cut should boost consumer, business spending
- Rate cut gets RBNZ ahead of the curve.
- Rate cut should ease pressure on the exchange rate
The NZDUSD is moving back below, and away from the April lows at 0.65796. The high in the London and NY session stalled ahead of the close from yesterday at 0.6600 area (see earlier post)
