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European Open Briefing

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Reserve Bank of New Zealand cut rates by 25 bps, as expected. NZD/USD rallied sharply after the statement was released and reached a high of 0.7340, up 160 pips from the previous low. The rate cut was already fully priced in, so the market was reacting to the less[​IMG]

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