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NZD/USD: What to make of the RBNZ?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Lost amidst all the hubub surrounding the Federal Reserve’s mostly as-expected tweaks to its statement was the RBNZ’s much more interesting monetary policy meeting. As you’ve probably heard by now, the RBNZ opted to leave interest rates unchanged at 2.50%, as all but the most pessimistic of analysts expected, but adopted a much more dovish outlook. To wit, Governor Graeme Wheeler noted that"Headline inflation is expected to increase over 2016, but take longer to reach the target range than

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