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NZD BullsRoar After Rate Cut But Downside Push Still Likely

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 10, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Kiwi Dollar rallied strongly following the RBNZ's announcement that the Official Cash Rate (OCR) would be cut 25bps to 2.50%. However, instead of the bears rushing in and causing a sharp depreciation, RBNZ Governor Wheeler's statement suggested that any further policy action would be unlikely in the near term.[​IMG]

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