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Tuesday 12 May 2015

NZD expected under jumping risk toward RBNZ financial stability report

NZD has been relatively weaken against major currencies, particularly GBP or USD since beginning of 2015.
 RBNZ has been expected to cut interest rate since early this year. See a related post.
 NZD is weak towards RBNZ releasing financial stability report in today's evening GMT. It implies the market consensus still expect downside at interest rate. Even US and UK are still hesitating to rise interest rate, and RBNZ is unlikely to change their stance to the policy.

 Ref (picked up on Newsensus ) NZ dollar falls ahead of RBNZ report, retail sales

 GBPNZD trend & momentum chart


Check international business news on Newsensus. Available on GooglePlay

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