AUD/NZD: Parallel Course

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    At the 10 December meeting, Reserve Bank of New Zealand’s Governor Graeme Wheeler announced a reduction in the benchmark overnight cash rate by 25 basis points; from 2.75% to 2.50%. The previous OCR reduction was at the 10 September 2015 meeting. The rate reduction was deemed necessary because “...Global economic growth remains moderate, but the outlook has been revised down due mainly to weaker activity in the developing economies... ...Concerns about softer growth, particularly in China and

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