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China cut rates, NZ trade deficit to narrow

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events PBoC cut rate and RRR (by Arnaud Masset) As expected the People’s Bank of China further eased its monetary policy as it proceeded with another cut in the 1-year lending rate and the reserve requirement ratio. The first one was trimmed by 25bps to 4.35%, while the ladder was cut by 50bps to 17.50%. The market’s initial response was to send global equities substantially higher. However, the rally did not last long as market participants also interpret this as a sign of

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