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NZD defies rate cut, Aussie jobs data in doubt

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Who would have thought the best way to get the Kiwi to rally was for a rate cut? That’s precisely what happen earlier this morning after the Reserve Bank of New Zealand cut rates by another 25bp. Of course it’s not just about the decision itself, it’s also the perception of the RBNZ’s willingness to cut rates further and how the market perception changed from before the decision. The ensuing reaction would suggest markets had overpriced the RBNZ’s desire to keep on cutting. The Kiwi rallied

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