NZD/USD surrenders gains and drops below 0.6200 as US Inflation comes into picture – by Sagar_Dua24 NZDUSD Inflation Fed RBNZ DollarIndex
unchanged as expected by the market participants.
RBNZ Governor Adrian Orr was expected to keep interest rates steady at 5.5% as the economy has already reported a technical recession and further policy restriction could has weighed more pressure on the economicAfter analyzing RBNZ’s decision, economists at ANZ Bank conveyed we continue to expect a 25 bps hike in the November Monetary Policy Statement , but this is not today’s story.
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