Intraday Market Thoughts

Neutral RBNZ good enough for kiwi

by Ashraf Laidi
Mar 12, 2015 16:39

The NZD has no choice but to flex its high yielding muscle following last night's announcement from the Reserve Bank of New Zealand to keep the overnight rate unchanged at 3.50%, while reiterating its neutral policy stance by sticking to the phrase “rates could go up or down”. Here is the latest analysis, charting hcarting against NZ dairy prices. Full charts & aalysis. 

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Neutral RBNZ good enough for kiwi - Nzd Dairy Mar 12 2015 (Chart 1)


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