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The RBNZ will have to do more than cut by 25bps to lower the kiwi

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    That's the view of some bank analysis ahead of the meeting Westpac "In this scenario (a 25% chance we think), NZD/USD would fall by 1c and the 2yr swap rate by around 10bp. An extremely dovish scenario would see the RBNZ cutting by 50bp. That would push NZD/USD 2c lower, and 2yr swaps around 20bp lower. However we see less than a 10% chance of that."

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